Sandbridge Real Estate Net

Mortgage Rate Update – September 29, 2015

Mortgage rates for 30-year fixed mortgages did not change this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.73 percent.

“Mortgage rates are almost unchanged from last week despite some volatility in response to mixed messages from incoming data and Fed commentary,” said Erin Lantz, vice president of mortgages at Zillow. “Despite a number of important speeches and data releases this week, expectations for the first Fed rate hike are firmly focused on December. We expect rates will remain roughly flat in the absence of exceptional global events.”

Additionally, the 15-year fixed mortgage rate was 2.92 percent, and for 5/1 ARMs, the rate was 2.74 percent.

*The weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals.

Full Article Link below:

http://www.zillow.com/blog/30-yr-fixed-mortgage-rate-165351/

STORY / BY LAUREN BRAUN ON 29 SEP 2015

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