A Few Clouds
55°FA Few CloudsFull Forecast

Positive Economic Reports Impacting Mortgage Rates

Published: Wednesday, April 23, 2014 12:35 p.m. CDT

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.19 percent, up from 4.14 percent at this same time last week.

The 30-year fixed mortgage rate steadily increased last week, peaking at 4.26 percent on Monday before dropping to the current rate this morning.

“Last week, rates rose slightly on improving unemployment and manufacturing data,” said Erin Lantz, vice president of mortgages at Zillow. “This week, fewer significant economic reports are slated for release, and markets are more likely to be swayed by the geo-political situation in Ukraine, which could affect rates.”

Additionally, the 15-year fixed mortgage rate this morning was 3.18 percent, and for 5/1 ARMs, the rate was 2.78 percent.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Suburban Life Media.

Watch Now

Player embeded on all SLM instances for analytics purposes.

Sandburg calls out 3 schools for ALS Ice Bucket Challenge

More videos »
 

Reader Poll

What are you most looking forward to this fall?
The food
The leaves changing colors
Cooler weather
Holidays