Sarasota Area Mortgage Rate Watch – DOWN

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.76 percent, down from 4.84 percent at this same time last week.

The 30-year fixed mortgage rate peaked at 4.83 percent on Wednesday then dropped to 4.77 percent on Thursday before gradually increasing over the weekend, hovering near 4.82 percent until falling to the current rate.

Additionally, the 15-year fixed mortgage rate on Tuesday morning was 4.07 percent and for 5/1 ARMs, the rate was 3.27 percent.

What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates for your state.

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