From the Zillow Blog- 30-Year Fixed Mortgage Rate Down Slightly
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.78 percent, down from 3.83 percent at this same time last week.
Last Thursday, the 30-year fixed mortgage rate dropped to 3.74 percent, which is the lowest recorded rate since Zillow Mortgage Marketplace launched in April 2008; the rate also dipped this low on Sept. 22, 2011. The 30-year fixed mortgage rate hovered between 3.76 percent and 3.79 percent over the weekend, and then returned to 3.76 percent before rising to the current rate early this morning.
“Mortgage rates have remained fairly insulated from stock market volatility for the past few weeks and have hovered in a narrow band between 3.7% and 3.9%,” said Erin Lantz, Director of Zillow Mortgage Marketplace. “We expect this decoupling of rates and stock prices to continue this week as rumors of renewed Fed economic stimulus next quarter offsets any potentially positive economic news that might lift stock prices.”
Additionally, the 15-year fixed mortgage rate this morning was 3.11 percent and for 5/1 ARMs, the rate was 2.52 percent.
What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates for your state.
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