30-Year Fixed Mortgage Rates Rise Slightly

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.19 percent, up from 4.14 percent at this same time last week.

The 30-year fixed mortgage rate steadily increased last week, peaking at 4.26 percent on Monday before dropping to the current rate this morning.

“Last week, rates rose slightly on improving unemployment and manufacturing data,” said Erin Lantz, vice president of mortgages at Zillow. “This week, fewer significant economic reports are slated for release, and markets are more likely to be swayed by the geo-political situation in Ukraine, which could affect rates.”

Additionally, the 15-year fixed mortgage rate this morning was 3.18 percent, and for 5/1 ARMs, the rate was 2.78 percent.

What are the interest rates right now? Check Zillow Mortgage Marketplace for mortgage rate trends and up-to-the-minute mortgage rates for your state.
04-22-14 944AM*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.