This week’s mortgage rate information shows a slight increase. Contact us today, to discuss if this may be a good time to buy or refinance!
30-Year Fixed Mortgage Rates Rise Slightly; Current Rate is
3.28%, According to Zillow Mortgage Rate Ticker
SEATTLE, Jan. 22, 2013 (GLOBE NEWSWIRE) — The 30-year fixed mortgage
rate on Zillow(R) Mortgage Marketplace is currently 3.28 percent, up
two basis points from 3.26 percent at this same time last week. The
30-year fixed mortgage rate hovered between 3.28 and 3.32 percent for
the majority of the week, dropping to the current rate this morning.
“Mortgage rates rose slightly last week, spurred by improving economic
data on consumer spending, housing and jobs,” said Erin Lantz, director
of Zillow Mortgage Marketplace. “In the coming week, we expect rates
will be fairly flat until the markets receive more clarity around the
outcome of the looming debt ceiling debate.”
Zillow’s real-time mortgage rates are based on thousands of custom
mortgage quotes submitted daily to anonymous borrowers on the Zillow
Mortgage Marketplace site, and reflect the most recent changes in the
market. These are not marketing rates, or a weekly survey.
The rate for a 15-year fixed home loan is currently 2.61 percent, while
the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.38 percent.
…………………………………..Last Week This Week Basis Point Change
Colorado Mortgage Rates 3.3% 3.31% +2