We’ll add more market news briefs throughout the day. Check back to read the latest.
Most recent market newsThursday, April 19
The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.25 percent, up six basis points from this time last week. The 30-year fixed mortgage rate rose late last week and hovered around 4.27 percent before falling slightly on Tuesday to the current rate. The rate for a 15-year fixed home loan is currently 3.68 percent, and the rate for a 5-1 adjustable-rate mortgage (ARM) is 3.73 percent. The rate for a jumbo 30-year fixed loan is 4.37 percent.
Current rates for 30-year fixed mortgages by state. Source: Zillow
“Mortgage rates increased last week as the prospect of an expanded conflict in the Middle East flared up around military strikes in Syria, but retreated as a broader conflict failed to materialize,” said Aaron Terrazas, senior economist at Zillow.
“Geopolitical headlines have temporarily seized markets’ attention – and could do so again this week – but the underlying macroeconomic fundamentals continue to point to a relatively strong U.S. economy and gradually rising rates over the coming months.
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“Several speeches by key FOMC voters and incoming housing data early next week will likely further buttress that view.”
Wednesday, April 18
The 30-year fixed mortgage rate is 4.36. The 15-year fixed mortgage rate is 3.75
Source: Bankrate
Monday, April 16
The average rate you’ll pay for a 30-year fixed mortgage is 4.35 percent, an increase of 6 basis points over the last week. A month ago, the average rate on a 30-year fixed mortgage was lower, at 4.30 percent. The average 15-year fixed-mortgage rate is 3.75 percent, up 7 basis points over the last week.
Source: Bankrate
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