Fixed-Rates Continue to Drop, Hit 4.18 Percent for the Week – NMP Skip to main content

Fixed-Rates Continue to Drop, Hit 4.18 Percent for the Week

NationalMortgageProfessional.com
Jan 28, 2014

The 30-year fixed-rate mortgage (FRM) on the Zillow Mortgage Marketplace is currently 4.18 percent, down five basis points from 4.23 percent at this time last week. The 30-year fixed mortgage rate remained stable for the majority of the week, peaking on Wednesday at 4.26 before dropping to the current rate over the weekend. “Last week, rates dipped abruptly after China’s lackluster manufacturing report triggered concerns about the health of the global economy,” said Erin Lantz, director of mortgages at Zillow. “This week, markets will look to Wednesday’s Fed announcement about unwinding its stimulus program and Thursday’s GDP numbers as indicators of whether the US economy can continue to improve. Mortgage rates could be affected by either or both." 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 3.18 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.80 percent.
Published
Jan 28, 2014
Hometown Lenders Adds 9 Branches in 4 States

Adds locations in Oregon, Washington, Alaska, and North Carolina.

Industry News
May 23, 2022
Mortgage Industry Will Soon Be ARMed To The Teeth

ARM loans might be a saving grace to borrowers who recently purchased a home, but it comes with risks.

Industry News
May 20, 2022
Battle Between Loan Originators Gets Sparkly and Dirty

Flowers is suing both Durosko and Peevey for these pranks, demanding compensation for their harmful acts, but that doesn’t tell the whole story. 

Industry News
May 18, 2022
FirstClose Receives $35M Investment From Lateral

Fintech says it will use the investment to expand its growing financial services footprint.

Industry News
May 18, 2022
Mortgage News Network Launches Podcast On Helping Underserved Borrowers

'Gated Communities' looks at why homeownership gap is increasing, and what lenders are doing to reverse the trend.

Industry News
May 17, 2022
Class Valuation Appoints EVP Of Valuation Modernization

Cristy Conolly will focus on removing bias from the equation in appraisals.

Industry News
May 17, 2022