| Real-estate website Zillow Inc. said Tuesday its real-time rate on 30-year fixed mortgages rose in the latest week, reaching its highest point in 10 weeks. Zillow said the 30-year fixed mortgage rate on its Mortgage Marketplace rose to 3.5% from 3.42% a week earlier. The rate hovered between 3.4% and 3.6% through the week and dropped to its current rate Tuesday morning. The Mortgage Marketplace launched in April 2008.
Zillow Mortgage Marketplace Director Erin Lanz said rates rose in the latest week as sentiment toward Europe and the U.S. economy improved, which reduced expectations for a third-round of rate-lowering stimulus in the form of quantitative easing from the Federal Reserve...............................................Full Article: Source |