30-Year Fixed Mortgage Rates Rise Slightly for Second Consecutive Week

30-Year Fixed Mortgage Rates Rise Slightly
Zillow
Oct 17, 2013

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.16 percent, up from 4.11 percent at this same time last week.

The 30-year fixed mortgage rates hovered between 4.11 and 4.14 percent for the majority of the week before rising to the current rate this morning.

“Rates rose slightly last week, but remain relatively unchanged since the government shutdown began two weeks ago,” said Erin Lantz, director of mortgages at Zillow. “Despite some non-government economic data scheduled to be released next week, we expect rates to remain fairly steady until the government reopens and releases more insightful data on the health of the economy.”

Additionally, the 15-year fixed mortgage rate this morning was 3.18 percent, and for 5/1 ARMs, the rate was 2.84 percent.