Real Estate

30-year fixed mortgage rates rise slightly for second consecutive week

comp:0000528877d9:00000014cb:0554 0 <p>Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.16 percent, up from 4.11 percent at this same time last week.<br /><br />The 30-year fixed mortgage rates hovered between 4.11 and 4.14 percent for the majority of the week before rising to the current rate this morning.<br /><br />&ldquo;Rates rose slightly last week, but remain relatively unchanged since the government shutdown began two weeks ago,&rdquo; said Erin Lantz, director of mortgages at Zillow. &ldquo;Despite some non-government economic data scheduled to be released next week, we expect rates to remain fairly steady until the government reopens and releases more insightful data on the health of the economy.&rdquo;<br /><br />Additionally, the 15-year fixed mortgage rate this morning was 3.18 percent, and for 5/1 ARMs, the rate was 2.84 percent.</p>
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.