Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.93 percent, down 3 basis points from the same time last week.
The 30-year fixed mortgage rate rose to 4.01 percent on Wednesday, then fell Thursday, hovering around the current rate for the rest of the week.
“Rates retreated from their nine-month highs late last week as a new round of concerns emerged about Greece exiting the eurozone,” said Erin Lantz, vice president of mortgages at Zillow. “This week there is the potential for a big rate move as markets focus on Wednesday’s Federal Open Market Committee meeting and a resolution of Greek debt negotiation, two forces that could push rates in opposite directions.”
Additionally, the 15-year fixed mortgage rate was 3.05 percent, and for 5/1 ARMs, the rate was 2.93 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://www.zillow.com/blog/30-yr-fixed-mortgage-rate-165351/
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