30-Year Fixed Mortgage Rate Declines, Reversing Previous Week’s Gains

Posted by Bonnie Martin Designated Broker on Wednesday, April 30th, 2014 at 8:10am.

interest_alexandrgordeev_450zillow.com - Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.16 percent, down from 4.19 percent at this same time last week.

The 30-year fixed mortgage rate peaked at 4.22 percent last Tuesday before plummeting Wednesday afternoon to 4.14 percent, where rates continued to hover for the remainder of the week.

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Photo:  ©[Alexandr Gordeev]/123RF.COM

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