Mortgage Rate Update

The rate borrowers were quoted on Zillow was 3.75 percent.

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow at 3.75 percent, down 4 basis points from last week.

The 30-year fixed mortgage rate fell throughout the week before settling at the current rate.

“Mortgage rates remained fairly flat last week,” said Erin Lantz, vice president of mortgages at Zillow. “There is a risk of short-term volatility this holiday-shortened week due to lower than normal market participation and several important data releases.”

Additionally, the 15-year fixed mortgage rate was 2.93 percent, and for 5/1 ARMs, the rate was 2.92 percent.

Check Zillow for mortgage rate trends and up-to-the-minute mortgage rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.

*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.