Mortgage rates for 30-year fixed mortgages fell over the past week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.08 percent, down from 4.16 percent at this same time last week.
The 30-year fixed mortgage rate dropped to as low as 4.06 percent on Thursday before rising slightly to the current rate this morning.
"Rates fell to 3-month lows last week as escalating events in Ukraine overshadowed a strong jobs report," said Erin Lantz, vice president of mortgages at Zillow. "This week, we expect rates to remain depressed by the ongoing standoff between Ukraine and Russia and the lack of significant domestic economic data."
Additionally, the 15-year fixed mortgage rate this morning was 3.10 percent, and for 5/1 ARMs, the rate was 2.78 percent.
What are the interest rates right now? Check Zillow Mortgage Marketplace for mortgage rate trends and up-to-the-minute mortgage rates for your state.
*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.
The post 30-Year Fixed Mortgage Rate Dips to 4.08 Percent, Lowest Rate in 13 Weeks appeared first on Zillow Porchlight.