Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.58 percent, down from 4.67 percent at this same time last week. This is the lowest rate recorded since Zillow Mortgage Marketplace launched in April 2008.
The 30-year fixed mortgage rate peaked Friday at 4.75 percent and fell the same day to below 4.7 percent before decreasing slowly through the weekend into today.
Additionally, the 15-year fixed mortgage rate on Tuesday morning was 4.07 percent and for 5/1 ARMs, the rate was 3.48 percent.
What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates for your state.
