30-Year Fixed Mortgage Rates Hold Steady

Posted by on 8:49 am in Updates | 0 comments

30-Year Fixed Mortgage Rates Hold Steady


Mortgage rates for 30-year fixed mortgages remained unchanged this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.05 percent, up from 4.03 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 4.02 and 4.08 percent for the majority of the week, dropping below 4 percent on Friday before rising to the current rate this morning.

“Last week rates dipped slightly after bank instability in Portugal triggered concerns about the broader European economy,” said Erin Lantz, vice president of mortgages at Zillow. “This week we expect rate activity to remain somewhat subdued amid ongoing international uncertainty.”

Additionally, the 15-year fixed mortgage rate this morning was 3.03 percent and for 5/1 ARMs, the rate was 2.79 percent……………Read the full story.


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