The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.19 percent, down two basis points from this time last week. The 30-year fixed mortgage rate steadily declined last week, dropping to as low as 4.13 percent over the weekend before rising slightly to today’s rate.
“Last week, rates dipped mid-week due to continued concerns about Ukraine,” said Erin Lantz, director of mortgages at Zillow. “This week, we expect geo-political uncertainty will continue to remain top-of-mind for investors, and will keep rates somewhat depressed until the situation in Ukraine stabilizes.”
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 3.17 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.75 percent.