By Lauren Braun
Mortgage rates for 30-year fixed loans fell this week, with the rate borrowers were quoted on Zillow at 3.79 percent, down four basis points from last week.
The 30-year fixed mortgage rate fell Friday, then hovered around 3.80 percent before dipping to the current rate Tuesday.
“Last week, mortgage rates remained flat until weak U.S. economic data and stronger than expected oil supplies caused a drop at the week’s end,” said Erin Lantz, vice president of mortgages at Zillow. “Rates are unlikely to move much higher this week, as markets make sense of the political situation in Europe and look to U.S. inflation and output data, as well as the release of minutes from the Federal Open Market Committee’s October meeting and commentary from several committee voters.”