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SEATTLE, Dec. 11, 2012 (GLOBE NEWSWIRE) -- The 30-year fixed
mortgage rate on
Zillow ® Mortgage Marketplace is currently 3.17 percent, up one basis point from 3.16 percent at this same time last week. After peaking at 3.22 percent on Friday, the 30-year fixed rate fluctuated between 3.15 and 3.2 percent over the remainder of the week before rising to the current rate this morning.
"Rates rose slightly after a stronger-than-expected jobs report on Friday, but the boost was short-lived and rates returned to the same low levels as the past few weeks," said Erin Lantz, director of Zillow Mortgage Marketplace. "We expect rates to remain fairly flat this week in anticipation of the Federal Reserve's plans to extend 'Operation Twist,' the treasury and bond buying program that has helped keep rates low."
Zillow's real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgage Marketplace site, and reflect the most recent changes in the market. These are not marketing rates, or a weekly survey.
The rate for a 15-year fixed
home loan is currently 2.57 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.37 percent.
Below are current rates for 30-year fixed mortgages by state. Additional states' rates are available at: