Skip to main content

Fixed-Rates Rise Slightly Over Last Week

NationalMortgageProfessional.com
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.

Published
May 26, 2015
Nations Lending Opens Another Branch In Arizona

New Scottsdale branch welcomes Arizona native Christine McConnell as lead personal mortgage advisor.

Industry News
Sep 26, 2022
Nominations Open For Industry Titans Award

NMP Magazine to honor people who represent industry with professionalism.

Industry News
Sep 23, 2022
Fidelity National Names New HR Chief

Melissa Circelli previously held same position at Black Knight.

Industry News
Sep 23, 2022
Ruoff Mortgage Lays Off Nearly 5% Of Staff

Company announced the layoffs Sept. 16, citing 'economic conditions.'

Career
Sep 21, 2022
SPS Acquires Rushmore Loan Management Services

The acquisition will include hiring Rushmore servicing personnel and assuming Rushmore servicing contracts.

Industry News
Sep 19, 2022
Fannie Mae Names New EVP, Chief Risk Officer

Former Morgan Stanley exec has nearly 30 years of risk management experience.

Industry News
Sep 15, 2022