Mortgage ratesfor 30-year fixed loans rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.95 percent, up 2 basis points from the same time last week.
The 30-year fixed mortgage rate fell to 3.82 percent on Friday, then hovered around 3.86 percent before rising to the current rate on Tuesday.
“Rates fell last week due to continued uncertainty about Greece’s fiscal situation and the Fed signaling it might wait longer than expected to raise interest rates, but recovered as negotiations with Greece continue,” said Erin Lantz, vice president of mortgages at Zillow. “Rates will likely be volatile until a deal between Greece and its creditors is finalized.”
Additionally, the 15-year fixed mortgage rate was 3.04 percent, and for 5/1 ARMs, the rate was 2.82 percent.
AT HOME SENSE®, AtHomeSense.com®, the logo mark text, and the “COMMON SENSE AND OPINION FOR BUYERS, SELLERS & HOMEOWNERS” tagline and stylized logo treatments including any one or more of the foregoing are trademarks of PROFESSIONAL SUPPORT SERVICES and are to be used with its permission only. These and all other trademarks used in this work are the property of their respective owners.