Zillow: Mortgage rates remain at 16-month low

Despite Volatile Week, 30-Year Fixed mortgage rates remain Near 20-Month Low; Current Rate is 3.58%, According to Zillow Mortgage Rate Ticker By Published: Jan 27, 2015 2:00 p.m. ET

Mortgage interest rates ticked up ever so slightly last week but still remained near a 3-year low, according to a new report from Zillow. Zillow’s latest report on the interest rates borrowers.

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Mortgage Rates Rise but Remain Relatively Low. Mortgage rates rose seven basis points compared with the prior week, but remained below 3.6% over four consecutive weeks for the first time since the fourth quarter of 2016, according to Freddie Mac.

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Mortgage Rate Update. As of September 11, 2019, mortgage rates for 30-year fixed mortgages rose sharply over the past week, with the rate borrowers were quoted on Zillow at 3.75%, up 15 basis points from September 4.

It’s more affordable to buy a house today as mortgage rates have dropped to a 16-month low. According to Freddie Mac. Housing value also saw a decline in April of 0.1%, according to Zillow. This.

Mortgage rates are influenced by investor expectations. When investors are spooked, they tend to shift to safer assets such as bonds. The rally in the bond market drove the yield on the 10-year.

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As of June 19, 2019, average mortgage rates for 30-year fixed mortgages were. stable in recent weeks, sticking near their lowest levels in nearly 21 months.. are unlikely in the short term, some sectors of the economy remain very strong.

"Rates dropped to the lowest level since June 2013 on news that the Federal Reserve has more reservations about the health of the U.S. and global economy than expected, which in turn, may delay rate hikes," said Erin Lantz, vice president of mortgages at Zillow.

vice president of mortgages at Zillow. "With little economic news planned to overshadow the Fed’s latest comments, this week we expect rates to fairly remain stable, hovering just shy of 4%." The rate.