Mortgage rates for 30-year fixed mortgages were unchanged this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.24 percent.
The 30-year fixed mortgage rate hovered between 3.2 and 3.25 percent for the majority of the week, rising to the current rate this morning.
“This past week rates remained flat, still buoyed by optimism that lawmakers might be able to reach a compromise on the fiscal cliff before year-end,” said Erin Lantz, director of Zillow Mortgage Marketplace. “However, as we enter the last week of the year rates may reverse course back downward unless lawmakers are able to quickly agree on a plan”
Additionally, the 15-year fixed mortgage rate this morning was 2.59 percent, and for 5/1 ARMs the rate was 2.52 percent.
*The weekly rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.
Given the U.S. public holiday of New Year’s on Tuesday, Jan. 1, Zillow Mortgage Marketplace weekly rates will be published on Wednesday, Jan. 2. For more information on mortgage rates, please visit: http://www.zillow.com/mortgage-rates/