Skip to main content

Fixed-Rates Rise Slightly Over Last Week

May 26, 2015

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.79 percent, up two points from this time last week. The 30-year FRM fell on Thursday, then hovered around 3.78 percent before rising to the current rate on Tuesday.

 

“Despite some volatility early on as markets parsed typically unimportant data for signals of the Fed’s first rate hike, mortgage rates remained flat with lenders focused on the Memorial Day holiday,” said Erin Lantz, vice president of mortgages at Zillow. “We expect these ups-and-downs to continue this week.”

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 2.96 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.91 percent.

About the author
Published
May 26, 2015
L.A. Wildfires Worsen California Insurance Crisis

Home insurers nowhere to be found during "one of the worst wildfire incidents on record”

Jan 13, 2025
FHFA Director Sandra Thompson To Resign On Eve Of Trump Inauguration

Thompson’s departure clears the way for Trump appointee to take over

Jan 10, 2025
CFPB Accuses Experian Of 'Sham' Consumer Dispute Investigations

The alleged conduct results in errors remaining on consumer reports, and errors being reinserted even after resolution

Jan 07, 2025
GSE Privatization A 'Herculean Task': DoubleLine

Researchers say it’s difficult to see how GSE privatization would lead to lower mortgage rates

Jan 07, 2025
CFPB Sues Rocket Homes, Real Estate Brokerage Over Kickback Scheme

Rocket remains defiant, calling the allegations ‘false and a distortion of reality’

Dec 23, 2024
Powell Vexes Reporters At Post-Rate Cut Presser

The "rate cut then pause" prophesy came true. Now what?

Dec 18, 2024