Currently, the 30-year fixed mortgage rate on Zillow Mortgage Marketplace is 3.9 percent, which is up seven basis points from 3.83 percent at this same time last week.
After growing to 3.94 percent on Thursday, the 30-year fixed mortgage rate remained between 3.93 and 3.91 percent for the rest of the week.
Erin Lantz, director of Zillow Mortgage Marketplace, stated "Mortgage rates have remained low throughout the week and likely will stay at historically low levels for the foreseeable future. This is great news for the nearly 900,000 current homeowners that are projected to take advantage of the revamped Home Affordable Refinance Program by the end of 2013."
Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted on a daily basis to anonymous borrowers through the site, and reflect the most recent changes in the market.
These are not a weekly survey or marketing rates.
Currently, the rate for a 15-year fixed home loan is 3.24 percent, while the rate for a 5-1 adjustable-rate mortgage is 2.82 percent.
Source: yahoo.com