The rate borrowers were quoted on Zillow was 3.72 percent
Mortgage ratesfor 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow at 3.72 percent, down 3 basis points from last week.
The 30-year fixed mortgage rate hovered around 3.75 percent throughout the week before dipping to the current rate.
“Mortgage rates remained flat most of last week, holding near their lowest levels in a month,” saidErin Lantz, vice president of mortgages at Zillow. “We expect rates to be more volatile this week leading up to Friday’s monthly jobs report, several important Fed speeches and possible shifts in energy markets after the Organization of Petroleum Exporting Countries’ (OPEC) annual summit on Friday.”
Additionally, the15-year fixedmortgage rate was 2.91 percent, and for5/1 ARMs, the rate was 2.92 percent.
CheckZillow for mortgage rate trends and up-to-the-minute mortgage rates for your state, or use themortgage calculatorto calculate monthly payments at the current rates.
*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.
Always ahead of the highly competitive RGV real estate market, Marilyn Cortez is a Spanish speaking native of the Rio Grande Valley. Born and raised in Mission, Marilyn is committed to her clients, and is recognized as a Top Agent in the Greater McAllen Real Estate area, and within Keller Williams Realty. Since the start of her Real Estate career in 2007, she has sold over 40 million dollars of real estate. Known by her fellow real estate agents to be hardworking, honest, dedicated and motivated, Marilyn is knowledgeable in all areas of Real Estate and has built her business on results, with more than 70% of her clients being repeat clients.