30-Year Fixed Mortgage Rates Fall to Lowest Level in 6 Weeks

15-year fixed mortgage rate checks in at 3.15 percent.
Zillow
Apr 16, 2014

 

Mortgage rates for 30-year fixed mortgages fell over the past week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.14 percent, down from 4.20 percent at this same time last week.

The 30-year fixed mortgage rate plummeted on Wednesday from 4.24 percent to 4.12 percent, where rates have continued to hover into this week.

“Last week, rates dropped to their lowest levels in six weeks as investors shifted out of stocks and into safer assets, like U.S. Treasuries and mortgage-backed securities,” said Erin Lantz, vice president of mortgages at Zillow. “This week, there is a full slate of economic reports scheduled for release, with the potential to nudge rates up.”

Additionally, the 15-year fixed mortgage rate this morning was 3.15 percent, and for 5/1 ARMs, the rate was 2.80 percent.

Comments

hit the road jack

Gotta make the economy look good somehow!

TrollingMotors

The US Budget deficit is at the lowest since 2000.
http://online.wsj.com/news/artic...

The DJIA has doubled under Obama, Just as it did under Clinton.

How about making the economy look good with facts and reality?

I know Mitt said the opposite but thats the benefit of living in reality.

Dr. Information

Cut off the 85 billion a month stimulus from the Fed and watch the stock market crumble.

hit the road jack

You are o full of ****, Obie has tripled the amount of greenbacks in circulation and you say the Dow has doubled(it hasn't doubled from the all time high,just from when he took office)so if you triple the amount of greenbacks and the market doubles,well,only a democrat thinks they gained something. Get a clue pal,this market is going down HARD and it won't be long either!