Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.26 percent, down from 3.33 percent at this same time last week.
After peaking at 3.35 percent on Wednesday, the 30-year fixed rate hovered between 3.28 and 3.33 percent over the remainder of the week before dropping to the current rate this morning.
“Rates are down slightly from last week’s 16-week high as optimism about an improving economy began to wane after successful fiscal cliff negotiations,” said Erin Lantz, director of Zillow Mortgage Marketplace. “Although there is a fair amount of economic news scheduled this week, we don’t expect any surprises that would move rates significantly.”
Additionally, the 15-year fixed mortgage rate on January 15, 2013 was 2.59 percent, and for 5/1 ARMs, the rate was 2.44 percent.
