30-Year Fixed Mortgage Rates Down for Second Consecutive Week

Zillow

Mortgage rates for 30-year fixed mortgages fell again this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.35 percent, down from 3.43 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 3.48 and 3.33 percent for the majority of the week, dropping to the current rate this morning.

“Rates dropped last week after a weaker-than-expected U.S. jobs report on Friday,” said Erin Lantz, director of Zillow Mortgage Marketplace. “This coming week, we expect rates to remain depressed as lingering eurozone concerns and Japan’s new monetary policy push investors to safer asset types like U.S. mortgage-backed securities.”

Additionally, the 15-year fixed mortgage rate this morning was 2.54 percent, and for 5/1 ARMs, the rate was 2.28 percent.

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

04-09-13 1006 AM

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

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