30Year Fixed Mortgage Rates Hover Below 4 For Second Consecutive Week

30Year Fixed Mortgage Rates Hover Below 4 For Second Consecutive Week

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.95 percent, down from 3.98 percent at this same time last week.The 30-year fixed mortgage rate hovered between 3.96 and 4 percent for the majority of the week before dropping to the current rate this morning.“Last Tuesday’s underwhelming jobs report pushed mortgage rates below 4 percent for the first time in four months,” said Erin Lantz, director of mortgages at Zillow. “In the week ahead, we expect rates likely will stay depressed as markets digest modestly improving economic data and the lingering impact of the government shutdown.”Additionally, the 15-year fixed mortgage rate this morning was 3 percent, and for 5/1 ARMs, the rate was 2.70 percent.What are the interest rates right now? Check Zillow Mortgage Marketplace for mortgage rate trends and up-to-the-minute mortgage rates for your state.10-29-13 0950 AM*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

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Phone: 623-703-7445
Dated: October 30th 2013
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