Fixed-Rates Hit 3.31 Percent and Dip for Fourth Consecutive Week

The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 3.31 percent, down three basis points from 3.34 percent at this same time last week. The 30-year fixed mortgage rate remained relatively flat for the majority of the week, hovering between 3.34 and 3.32 percent and dropping to the current rate this morning. “Amid continued economic uncertainty both domestically and abroad, mortgage rates held steady near this year’s lows,” said Erin Lantz, director of Zillow Mortgage Marketplace. “We expect mortgage rates will remain close to these levels during another relatively quiet week for economic events and data.” The rate for a 15-year fixed home loan is currently 2.53 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.22 percent.