Currently, the 30-year fixed mortgage rate on Zillow Mortgage Marketplace is 3.69 percent, down three basis points from 3.72 percent at this same time last week.
After increasing to 3.77 percent on Wednesday, the 30-year fixed mortgage rate remained between 3.7 and 3.74 percent for the remainder of the week, decreasing to the current rate early this morning.
Erin Lantz, director of Zillow Mortgage Marketplace, stated, "Mortgage rates ended the month near all-time lows which is good news for those looking to refinance or purchase a home. This coming week, we expect rates to remain fairly steady unless Friday’s Employment Situation Report falls outside of expectations."
Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted on a daily basis to anonymous borrowers on the Zillow Mortgage Marketplace site, and reflect the most recent changes in the market.
These are not marketing rates, or a weekly survey.
Currently, the rate for a 15-year fixed home loan is 2.97 percent, while the rate for a 5-1 adjustable-rate mortgage is 2.62 percent.
Source: yahoo.com