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30-year fixed mortgage rates rise for first time in 4 weeks

Zillow • Oct 12, 2013 at 12:22 AM

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.11 percent, up from 4.08 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 4.06 and 4.09 percent for the majority of the week before rising to the current rate this morning.

“Last week, rates were essentially unchanged as the government shutdown postponed release of much of the economic data that guides markets,” said Erin Lantz, director of mortgages at Zillow. “This coming week, we expect rates will remain paralyzed until the impasse in Washington is resolved and economic data can be released.”

Additionally, the 15-year fixed mortgage rate this morning was 3.17 percent, and for 5/1 ARMs, the rate was 2.92 percent.

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