Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.77 percent, down 5 basis points from the same time last week.
The 30-year fixed mortgage rate fell early in the week, then hovered around 3.71 percent before rising to the current rate on Tuesday. Hawaii saw 30-year fixed rates as low as 3.67 percent.
“Rates fell late last week as a string of weak data raised concerns about the underlying strength of the U.S. economy,” said Erin Lantz, vice president of mortgages at Zillow. “This week markets will look to a few Fed speeches and minutes from April’s Federal Open Market Committee meeting for further guidance.”
Additionally, the 15-year fixed mortgage rate was 2.91 percent, and for 5/1 ARMs, the rate was 2.84 percent.
Check Zillow Mortgages for mortgage rate trends and up-to-the-minute mortgage rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.
*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.
from Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News http://ift.tt/1AcKpxP
via Reveeo
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