Mortgage Rates Fall Below 3.7%
By Lauren Braun
Mortgage rates for 30-year fixed home loans fell this week, with the current rate borrowers were quoted on Zillow at 3.68 percent, down 13 basis points from last week.
The 30-year fixed mortgage rate fell steadily until Friday, then hovered around the current rate for the rest of the week.
“Mortgage rates fell last week despite strong U.S. economic data as investors sought safe assets in the wake of stock market turmoil in Asia,” said Erin Lantz, vice president of mortgages at Zillow. “With rates near their lowest levels since late October, we expect rates to move cautiously upward this week.”