30-Year Fixed Mortgage rate rises slightly for 2nd consecutive week after hitting all-time low levels

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.09 percent, up from 4.05 percent at this same time last week.

After peaking at 4.07 percent on Saturday, the 30-year fixed mortgage rate hovered between 3.98 percent and 4.02 percent for the remainder of the week before rising to the current rate early this morning.

Additionally, the 15-year fixed mortgage rate this morning was 3.37 percent and for 5/1 ARMs, the rate was 2.84 percent.

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