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According to Zillow’s Mortgage Rate Ticker, the 30-Year Fixed-rate Mortgage increased five Basis Points from around this time last week, averaging 4.08% nationally. The vice president of mortgages at Zillow, Erin Lantz said,”Mortgage rates were subdued last week as ongoing geopolitical concerns and economic softness in Europe encouraged investors to buy U.S. Mortgage-backed securities as a safe-haven. This week, we expect international headlines, rather than U.S. economic data, to drive any meaningful changes to Mortgage rates.” Additionally, the 15-year Fixed-rate Mortgage averaged 3.12% nationally, according to Zillow. More here
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