New Year Brings Slight Rise in 30-Yr. Rates

Jan 07, 2014

The 30-year fixed-rate mortgage (FRM) on the Zillow Mortgage Marketplace is currently 4.39 percent, up one basis point from 4.38 percent at this time last week. The 30-year fixed mortgage rate remained relatively flat this week, hovering between 4.38 and 4.42 percent for the majority of the week. “Rates were flat during last week’s holiday-shortened trading week,” said Erin Lantz, director of mortgages at Zillow. “This week rates should remain steady unless the December jobs report released on Friday reveals unexpected insights into the health of the U.S. labor market.” 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 3.35 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.89 percent.

About the author

NationalMortgageProfessional.com

Link copied

Published

Jan 07, 2014

Analysis and Data

Homebuying Excitement Is Up Among Veterans

Survey results indicate optimism about housing market among U.S. veterans and service members

Our nation’s heroes are increasingly optimistic about buying homes, new research indicates. The amount of veterans and service members who plan to purchase a home in the next six months was up by 15 percentage points year-over-year, according to the Veterans Homebuying Re...

Diversity & Inclusion

NAF Releases New White Paper On Empowering Diverse Communities

Addressing the racial homeownership gap and recommending industry-wide solutions

The overall homeownership rate across the US stands at 66%, with notable differences among racial and ethnic groups. New American Funding (NAF), the largest Latina-owned mortgage company in the U.S., is taking steps to close that homeownership gap by addressing systemic obst...