Some interesting information about mortgage rates from Zillow:

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.44 percent, up from 3.42 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 3.43 and 3.48 percent for the majority of the week, dropping to the current rate this morning.

“Despite an unexpected increase in the unemployment rate, rates ended the week essentially unchanged,” said Erin Lantz, director of Zillow Mortgage Marketplace. “This coming week, we expect rates to remain fairly flat with limited economic news that might change the consensus that the economy is recovering, but at a slow and cautious pace.”

Additionally, the 15-year fixed mortgage rate this morning was 2.7 percent, and for 5/1 ARMs, the rate was 2.35 percent.

For more information about mortgages and homes for sale in The Woodlands, please contact realtor Luis Tamborrel at (832) 482-9367 or visit our website http://www.woodlandsnewhomes.com/ Don’t forget to like our Facebook page: https://www.facebook.com/woodlandsnewhomes

Source: zillow.com