Skip to main content

Rates for 30-Year Mortgages Rise Once Again

Jul 09, 2013

The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.41 percent, up twenty-four basis points from 4.17 percent at this time last week. The 30-year fixed mortgage rate hovered between 4.2 and 4.3 percent early last week, spiked to 4.6 percent on Friday and through the weekend, before declining near the current rate early this week. The last time rates exceeded 4.4 percent was July 26, 2011. “Rates surged on Friday after a stronger than expected jobs report and upward revisions to prior months’ unemployment levels,” said Erin Lantz, director of Zillow Mortgage Marketplace. “This week, rate movement will depend on whether Wednesday’s release of the Federal Open Market Committee meeting minutes and Fed Chairman Ben Bernanke’s speech reinforce or depress market expectations of a September start of easing federal stimulus.” Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgage Marketplace site, and reflect the most recent changes in the market. These are not marketing rates, or a weekly survey. The rate for a 15-year fixed home loan is currently 3.41 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 3.38 percent.
About the author
Published
Jul 09, 2013
FED Cuts Funds Rate By 25 bps

Federal funds rate lowered to a target range of 4.50%-4.75%.

Nov 07, 2024
UWM Profits Decline Sharply In Q3 2024

UWM CEO Ishbia says the declining fair value of MSRs had an impact

Nov 07, 2024
Early Voters Flag U.S. Economy As Top Issue

More Americans think mortgage rates will fall if Trump wins

Nov 04, 2024
Freddie Mac's Q3 Earnings Boost Net Worth To $56 Billion

Lower rates usher in more purchase and refinance activity

Oct 30, 2024
HUD Pledges $12 Million To Boost Housing Affordability

Grant funding from HUD’s Self-Help Homeownership Opportunity Program (SHOP) enables eligible organizations to acquire land, enhance infrastructure, and build housing

Oct 30, 2024
Insurance Crisis Hits Lenders' Bottom Lines

While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.

Oct 30, 2024