30-Year Fixed Mortgage Rates Hold Steady | Bedford Corners NY Homes

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Mortgage rates for 30-year fixed mortgages remained fairly stable this week, with the current rate borrowers were quoted on Zillow Mortgages at 4.06 percent, down from 4.08 percent at this same time last week.

The 30-year fixed mortgage rate hovered around 4.08 percent for the majority of the week, falling to 3.97 percent on Friday before returning to the current rate.

“Mortgage rates dropped mid-week to their lowest level in two months on weak U.S. economic data and geopolitical concerns over the escalating tensions between Ukraine and Russia,” said Erin Lantz, vice president of mortgages at Zillow. “This week, we expect rates to inch back up unless international turmoil continues to lead the news.”

Additionally, the 15-year fixed mortgage rate this morning was 3.12 percent, and for 5/1 ARMs, the rate was 2.79 percent.



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https://homes.yahoo.com/news/30-fixed-mortgage-rates-hold-steady-185235422.html

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