Real-estate Website Zillow Inc. (Z) said Tuesday its real-time rate on 30-year fixed mortgages edged higher after hitting a new record low a week earlier. Zillow said the 30-year fixed mortgage rate on its Mortgage Marketplace, which tracks mortgages on the real-estate company’s Website, was 3.17%, up slightly from 3.16%. The Mortgage Marketplace, which launched in April 2008, has been on the decline for much of the year.
“Rates rose slightly after a stronger-than-expected jobs report Friday, but the boost was short-lived and rates returned to the same low levels as the past few weeks,” said Erin Lantz, director of Zillow Mortgage Marketplace………………………………………..Full Article: Source