Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.45 percent, up from 4.37 percent at this same time last week.
The 30-year fixed mortgage rate hovered between 4.38 and 4.4 percent for the majority of the week before rising to the current rate this morning.
“Mortgage rates were essentially unchanged last week because of mixed economic data and low trading levels associated with the shortened holiday work week,” said Erin Lantz, director of Zillow Mortgage Marketplace. “Although the month-end unemployment report is always an important focus for markets, this week most attention will be focused on whether the Syria situation intensifies, pushing investors into safer investments, which would likely push mortgage rates down.”
Additionally, the 15-year fixed mortgage rate this morning was 3.41 percent, and for 5/1 ARMs, the rate was 3.14 percent.