By Lauren BraunMortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.85 percent, up from 3.81 percent at this same time last week. The 30-year fixed mortgage rate hovered around 3.90 percent for most of the week, dropping to 3.77 percent Wednesday before rising to the current rate.“In the absence of major market-moving news last week, mortgage rates remained below 4 percent for the fourth week in a row,” said Erin Lantz, vice president of mortgages at Zillow. “This week, even though the Federal Open Market Committee will release its meeting minutes on Wednesday announcing the end of the Fed’s stimulus program, this should come as no surprise to markets, so we expect rate stability to continue.”Additionally, the 15-year fixed mortgage rate this morning was 3.00 percent, and for 5/1 ARMs, the rate was 2.81 percent.Purchase Mortgage Application Activity: Zillow predicts tomorrow’s seasonally adjusted Mortgage Bankers Association Weekly Application Index will show purchase loan activity to decrease by 3 percent from the week prior. (To learn more about this Zillow analysis, click here.)What are the interest rates right now? Check Zillow Mortgages for mortgage rate trends and up-to-the-minute mortgage rates for your state.*The weekly mortgage rate chart illustrates the average 30-year fixed interest in six-hour intervals.
Author:Ian Marshall Phone: 770-361-7068 Dated: October 30th 2014 Views: 230 About Ian: ...
View our latest blog posts in your RSS reader. Click here to access.
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
The weather folks are saying that residents of the eastern U.S. can lo
"The best home buying experience ever!...I just could not believe how patient and hopeful John was about the prospect of me getting my home. I wanted to give up but John was always there to encourage me. Ya! Home Sweet Home!"