The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.38 percent, which is down slightly from last week, but up eight basis points from 4.30 percent at this time two weeks ago*.
The 30-year fixed mortgage rate steadily rose during the past two weeks, peaking at 4.43 percent last Wednesday before dropping to the current rate this morning.
“Rates were essentially unchanged last week after gradually climbing back up during the past few weeks to approach the three-month high we saw in September,” said Erin Lantz, director of mortgages at Zillow. “This week, we expect rates to remain at this higher plateau until normal market activity returns after the New Year’s holiday.”
Additionally, the 15-year fixed mortgage rate this morning was 3.34 percent and for 5/1 ARMs, the rate was 2.93 percent.
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