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Zillow: Fixed-Rates Continue to Rise

NationalMortgageProfessional.com
Feb 17, 2015

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.67 percent, up one basis point from this time last week. The 30-year FRM rose early in the week, then hovered around 3.67 percent for the rest of the week.

“Rates moved decisively higher early last week, continuing the previous week’s trend,” said Erin Lantz, vice president of mortgages at Zillow. “With little domestic economic news scheduled for release, we expect rates to move slightly higher this week as uncertainty about Greece and the Eurozone continues to drive market movements.”  

Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgages 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 FRM is currently 2.88 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.91 percent.

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