30-Year Fixed Mortgage Rates Rise for Third Consecutive Week

Zillow

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.58 percent, up from 3.48 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 3.46 and 3.56 percent for the majority of the week before rising to the current rate this morning.

“This past week, mortgage rates jumped to highs not seen since March on the back of strong domestic economic data,” said Erin Lantz, director of Zillow Mortgage Marketplace. “Looking ahead, we expect rates will remain fairly flat as markets wait for upcoming Fed meeting minutes to verify whether the QE3 stimulus program will be scaled back earlier than expected.”

Additionally, the 15-year fixed mortgage rate this morning was 2.70 percent, and for 5/1 ARMs, the rate was 2.30 percent.

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

05-21-13 1003 AM

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

 

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