Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.73 percent, up 3 basis points from this time last week.
The 30-year fixed mortgage rate rose Friday to 3.83 percent, where rates hovered through the weekend before dipping to the current rate on Tuesday.
“Rates remained flat for most of last week but jumped sharply after Friday’s exceptionally strong jobs report, before easing back down early this week,” said Erin Lantz, vice president of mortgages at Zillow. “We expect rates to hold steady this week due to little incoming data and the official start of the European Central Bank’s bond purchases.”
Additionally, the 15-year fixed mortgage rate this morning was 2.92 percent, and for 5/1 ARMs, the rate was 2.89 percent.
*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.
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