Mortgage Rates Edge Upwards

Posted by Admin admin on Friday, April 3rd, 2015 at 9:54am.

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.62 percent, up 6 basis points from this time last week.

The 30-year fixed mortgage rate rose early in the week, then hovered around 3.65 percent before returning to the current rate on Tuesday.

“Rates increased last week on strong economic data from both the U.S. and Europe,” said Erin Lantz, vice president of mortgages at Zillow. “This week we expect some volatility as markets hold their breath for Friday’s monthly jobs report.”

Additionally, the 15-year fixed mortgage rate this morning was 2.87 percent, and for 5/1 ARMs, the rate was 2.75 percent.

Check Zillow Mortgages for mortgage rate trends and up-to-the-minute mortgage rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.

*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

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