30-Year Fixed Mortgage Rates Decline for Third Consecutive Week

Zillow

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.34 percent, down from 3.35 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 3.41 and 3.32 percent for the majority of the week, dropping to the current rate this morning.

“Rates fell slightly this past week after lower-than-expected retail sales numbers raised concerns about softening consumer confidence,” said Erin Lantz, director of Zillow Mortgage Marketplace. “We expect mortgage rates will remain depressed this week due to apprehension related to the Boston Marathon bombing and threats from North Korea.”

Additionally, the 15-year fixed mortgage rate this morning was 2.55 percent, and for 5/1 ARMs, the rate was 2.32 percent.

What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates for your state.

04-16-13 1003AM

*The weekly rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

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