Real Estate

30-year fixed mortgage rate at 15-month high of 3.93%

comp:000051b42848:000000296f:191e 0 <div class="the-content clearfix"><p><a href="http://www.zillow.com/mortgage-rates/">Mortgage rates</a> for <a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/">30-year fixed</a> mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.93 percent, up from 3.87 percent at this same time last week.</p> <p>The 30-year fixed mortgage rate hovered between 3.85 and 3.94 percent for the majority of the week, dropping to as low as 3.80 percent on Thursday. Since May 7, the 30-year fixed mortgage rate has risen from 3.39 percent.</p> <p>“Despite a U.S. jobs report that was in line with expectations, mortgage rates rose yet again last Friday and are now at 15-month highs,” said <a href="http://www.zillow.com/blog/author/erinlantz/">Erin Lantz</a>, director of Zillow Mortgage Marketplace. “This coming week, without any significant negative economic news, we expect the mortgage rate rally to continue.”</p> <p>Additionally, the <a href="http://www.zillow.com/15_Year_Fixed_Mortgage_Rates/">15-year fixed</a> mortgage rate this morning was 3.04 percent, and for <a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/">5/1 ARMs</a>, the rate was 2.58 percent.</p> <p>What are the rates right now? Check <a href="http://www.zillow.com/mortgage-rates/">Zillow Mortgage Marketplace</a> for up-to-the-minute <a href="http://www.zillow.com/mortgage-rates/">mortgage rates</a> for your state.</p> <p><a href="http://www.zillow.com/mortgage-rates/"><img class="aligncenter size-full wp-image-123380" alt="06-11-13 1007 AM" src="http://cdn2.blog-media.zillowstatic.com/1/06-11-13-1007-AM-35c3a7.jpg" width="483" height="234"/></a></p> <p><em>*The weekly rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.</em></p> </div>
Loading more

Digital Access

Digital Access
Access nwherald.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.