Mortgage rates are slightly higher this weekend. According to the Zillow lender marketplace, the current 30-year fixed rate is 5.86%with five basis points. The 15-year fixed rate is up six basis points to 5.41%. Why does Zillow report lower mortgage rates than reported elsewhere? We cover that at the bottom of this page. Here are … Read more
Mortgage rates fell sharply this week as tensions between the US and Iran fueled the possibility of military conflict. Inflation concerns also persisted, as shown in the minutes of the Federal Reserve’s last meeting. The 30-year fixed mortgage rate fell 8 basis points to 6.01 percent in the week ended Wednesday, according to Freddie Mac. … Read more
Mortgage rates are poised to move even lower as the 10-year Treasury fell nearly 2% in the past week. Stock market woes are pushing investors into bonds, and as prices rise, yields fall. Zillow, which typically reports lower rates than Freddie Mac, reports the 30-year fixed rate at 5.79% — the lowest in recent years. … Read more
Current mortgage rates are plunging into territory not seen in years. According to the Zillow lending marketplace, the average 30-year fixed mortgage rate is 5.85%. The 15-year fixed rate is 5.36%. At this level, home buyers and mortgage refinancers may soon enter a loan application. Here are the current mortgage rates, according to the latest … Read more
It may still feel like winter, but agents say the spring real estate market has already arrived. The spring market usually starts the week after the Super Bowl. It’s the season when more homes will be listed and more buyers will begin their search. “I’ve been very busy today getting the listings ready for release,” … Read more
Mortgage rates fell slightly this week, resisting volatility in bond markets. While bond yields dipped earlier in the week, Wednesday’s surprising jobs report sent yields higher. The news was quickly digested by the treasury market and the return to previously low levels lasted only a day. According to Freddie Mac, the average 30-year fixed rate … Read more
Mortgage rates are falling as the 10-year Treasury fell in the past week. Economic news is putting pressure on the bond market, and today’s jobs report will be key to how mortgage rates end the week. According to Zillow, the average 30-year fixed rate remains below 6%, currently 5.87%. The 15-year fixed rate is 5.34%. … Read more
Current mortgage rates are relatively low. According to Zillow, the average 30-year fixed mortgage rate is 5.95%and the 15-year fixed rate is 5.43% — rates below 6% and 5.5% are interesting milestones. Rates are likely low due to economic factors, including last week’s disappointing jobs report. Inflation data comes out on Friday, and mortgage rates … Read more
Mortgage rates have held steady this week with only a slight increase. The 10-year Treasury, a price gauge for 30-year fixed mortgage rates, has been above 4.2% since mid-January. However, the spread between Treasury and mortgage rates has narrowed recently, and the 30-year has resisted a substantial move higher. According to Freddie Mac, the average … Read more
Mortgage rates haven’t moved much today, meaning they’re still relatively low. According to Zillow, the average 30-year fixed rate is currently below 6% 5.98%. This is a year-over-year decline of 61 basis points. The 15-year fixed rate is 5.50%down 73 basis points from this time last year. Mortgage rates vary by credit score, location and … Read more