Mortgage Rates Trend Down

Mortgage rates for 30-year fixed rates decreased slightly this week, with the weekly average rate borrowers were quoted on Zillow Mortgage Marketplace at 5.02%, down from 5.04% the week prior. For 15-year fixed mortgages, borrowers were quoted on average, 4.42% and for 5/1 ARMs, 3.94%.

This morning, the national rate for 30-year fixed purchase mortgages was 4.93%.

What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates.