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Zillow: Strong Jobs Report Boosts Mortgage Rates

NationalMortgageProfessional.com
Mar 11, 2015

The 30-year fixed-rate mortgages (FRMs) on Zillow Mortgages is currently at 3.73 percent, up three basis points from this time last week. The 30-year FRM rose Friday to 3.83 percent, where rates hovered through the weekend before dipping to the current rate on Tuesday.

"Rates remained flat for most of last week but jumped sharply after Friday's exceptionally strong jobs report, before easing back down early this week," said Erin Lantz, vice president of mortgages at Zillow. "We expect rates to hold steady this week due to little incoming data and the official start of the European Central Bank's bond purchases."

The rate for a 15-year FRM is currently 2.92 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) stands at 2.89 percent.

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