Tag Archives: Mortgage Rates

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Mortgage Rates Decline To Lowest Level This Year

The thirty-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.79 percent, down two basis points from 4.81 percent at this time last week, and at the lowest level since mid-December of last year. The 30-year fixed mortgage rate hovered below 4.85 for most of the last week, but peaked near 4.90 percent on Thursday and Friday.

Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers through the site, and reflect the most recent changes in the market. These are not marketing rates or a weekly survey.

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Mortgage Rates Inch Higher

The streak of four straight weekly declines in mortgage rates was broken this week. According to Bankrate.com’s weekly national survey, the average conforming 30-year fixed mortgage rate rose to 5.15 percent. The average 30-year fixed mortgage has an average of 0.49 discount and origination points.

The average 15-year fixed mortgage nudged higher to 4.55 percent and the larger jumbo 30-year fixed rate settled at 6 percent. Adjustable rate mortgages were mixed, with the average 3-year ARM falling to 4.60 percent and the 5-year ARM nudging higher to 4.56 percent.