Mortgage rates for 30-year fixed mortgages continued to rise for the fourth straight week, with the weekly average rate borrowers quoted on Zillow Mortgage Marketplace at 5.05%, up from 4.93% the week prior. Additionally, 15-year fixed borrowers were quoted on average, 4.48% and for 5/1 ARMs, 4.15%.
This morning, the national rate for 30-year fixed purchase mortgages was 4.92%.
What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates.
via zillow.com
Mortgage Rates are rising and are projected to rise as the year progresses.