Buyers are in luck!

30-Year Fixed Mortgage Rates Decline for 4th Consecutive Week

 Alexa Fiander | Zillow Blog | April 23, 2013 | link

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.31 percent, down from 3.34 percent at this same time last week.

The 30-year fixed mortgage rate remained relatively flat for the majority of the week, hovering between 3.34 and 3.32 percent before dropping to the current rate this morning.

“Amid continued economic uncertainty both domestically and abroad, mortgage rates held steady near this year’s lows,” said Erin Lantz, director of Zillow Mortgage Marketplace. “We expect mortgage rates will remain close to these levels during another relatively quiet week for economic events and data.”

Additionally, the 15-year fixed mortgage rate this morning was 2.53 percent, and for 5/1 ARMs, the rate was 2.22 percent.

What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates for your state.

04-23-13 1003AM

*The weekly rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

Author: kimhuntkw

We specialize in Real Estate in the Pleasanton, Dublin and Livermore areas of the East Bay in California

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