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Zillow Real Estate

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

comp:000051b4363d:0000002729:36e1 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>
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