The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.53 percent, down five basis points from this time last week. The 30-year fixed mortgage rate fell early in the week then hovered around 3.53 percent for the rest of the week.
“After dipping early last week on soft economic data, rates have been remarkably flat,” said Erin Lantz, vice president of mortgages at Zillow. “This week, we expect rates to remain largely unchanged with no big data releases or economic news on the horizon.”
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 2.81 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.73 percent.