Mortgage Rates Edge Up to 3.79%, Remain Well Below 4%
Mortgage rates for 30-year fixed loans rose this week, with the current rate borrowers were quoted at 3.79 percent, up 2 basis points from the same time last week.
The 30-year fixed mortgage rate fell Thursday, then hovered around 3.78 percent before rising to the current rate 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.”
Additionally, the 15-year fixed mortgage rate was 2.96 percent. For 5/1 ARMs, the rate was 2.91 percent.
Check Zillow Mortgages 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.