Mortgage Rates Rise to 3.73% After Last Week’s Lows
By Lauren Braun
Mortgage rates for 30-year fixed loans rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.73 percent, up from 3.66 percent at this time last week.
The 30-year fixed mortgage rate rose early in the week, then hovered around 3.73 for the rest of the week.
“Rates moved slightly higher last week, retreating from the 19-month lows recorded the previous week,” said Erin Lantz, vice president of mortgages at Zillow. “We expect mortgage rates to remain flat this week as lenders and consumers focus on the holiday.”
Additionally, the 15-year fixed mortgage rate this morning was 2.96 percent. For 5/1 ARMs, the rate was 2.85 percent.
Purchase Mortgage Application Activity
Zillow predicted Wednesday’s seasonally adjusted Mortgage Bankers Association Weekly Application Index would show purchase loan activity increased by 7 percent from the previous week. To learn more about this Zillow analysis, click here.
What are the interest rates right now? Check Zillow Mortgages for mortgage rate trends and up-to-the-minute mortgage rates for your state.