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Gazett-Mail Real Estate - Articles

Thursday February 27, 2014

30-Year Fixed Mortgage Rate Remains Unchanged

Mortgage rates for 30-year fixed mortgages remained unchanged from last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.18 percent, the same rate recorded last Tuesday.

The 30-year fixed mortgage rate remained stable for the week, hovering between 4.17 and 4.22 percent for the majority of the week.

“Rates were steady last week as uncertain economic data left markets with a fuzzy picture of the health of the economy,” said Erin Lantz, director of mortgages at Zillow. “This week, we expect the uncertainty to continue, leaving rates fairly flat.”

Additionally, the 15-year fixed mortgage rate this morning was 3.17 percent and for 5/1 ARMs, the rate was 2.75 percent.

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