On Tuesday’s blog on Zillow’s website they are discussing 30 year fixed mortgage rates. Here’s a blurp from the article:
“Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.03 percent, up from 3.98 percent at this same time last week.
The 30-year fixed mortgage rate steadily increased last week, spiking to 4.26 percent on Friday before declining to the current rate over the weekend.
“Last week, rates jumped after the jobs report exceeded expectations by a wide margin, lifting rates to three-month highs heading into the holiday weekend,” said Erin Lantz, vice president of mortgages at Zillow. “On Monday we saw rates fall sharply and expect they will continue to drift slightly lower as the exuberance of the jobs report fades.”
Additionally, the 15-year fixed mortgage rate this morning was 3.04 percent, and for 5/1 ARMs, the rate was 2.81 percent.”
To read more of what they think is going on with mortgage rates, click here!