Mortgage Rates Break 4% Again Before Falling Back to 3.93%

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Mortgage rates for 30-year fixed loans fell this week, with the rate borrowers were quoted on Zillow Mortgages at 3.93 percent Tuesday, down 2 basis points from the same time last week.

The 30-year fixed mortgage rate rose to 4.03 percent Friday and remained there through the weekend, then dropped to 3.88 percent Monday before returning to the current rate.

“After moving higher on Friday, rates fell as markets absorbed the shock of Greece’s decision to close its banks leading up to a referendum on its debt negotiations,” said Erin Lantz, vice president of mortgages at Zillow. “Greece will likely dominate financial headlines again this week, but Thursday’s early jobs report could move markets if lenders don’t clock out early for the Fourth of July holiday.”

Additionally, the 15-year fixed mortgage rate was 3.04 percent. For 5/1 ARMs, the rate was 2.88 percent.

Check Zillow Mortgages for trends and up-to-the-minute rates for your state, or use the mortgage calculator to calculate monthly payments at the current rates.

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3 beds, 3 full, 1 part baths
Home size: 2,611 sq ft
Lot Size: 0 sq ft
Added: 06/29/16, Last Updated: 06/29/16
Property Type: Condo
MLS Number: 216064524
Community: Oakland Twp
Status: Active

Stunning DETACHED condo in desirable Moceri-built Cloisters. Beautiful 2-story foyer & 2nd floor bridge overlooking GR. Hdwd. fl. t/o majority of 1st floor Vaulted or 9 ft. ceilings t/o. Spacious lib. w/French doors, vaulted ceiling & boxed bay window. Powder rm. w/floating vanity & granite. Spacious GR w/gas FP opens to DR & kit. for an awesome “Open” floorplan. Gourmet kit. w/touch of Tuscany décor incl. new stainless appliances, granite, under cabinet lighting, recessed lighting, walk-in pantry & ideal entertaining snack bar/island. DR w/adjoining kit. offers ideal entertaining opportunities as well as access to paver patio for outdoor entertaining. First fl. master suite w/gas fireplace, his and hers walk-in closets & sinks, jetted tub & sep. shower. High-end finishes t/o. Second fl. offers 2 spacious bdrms. & bath. Fin. daylight bsmt. w/bar, bath, rec. rm. and exceptional storage. 4th bdrm. opportunity in fin. daylight bsmt. Treed setting & beautifully landscaped

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0 beds, 0 baths
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Property Type: Vacant Land
MLS Number: 216064555
Community: Rochester Hills
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