Mortgage Rate Stays Close to Historically Low Levels at 4.14%

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For 30-year fixed mortgages, mortgage rates remained unchanged from last week.The current rate borrowers were quoted on the mortgage marketplace at 4.14 percent.The 30-year fixed mortgage rate stayed close to 4.08 percent for the majority of the week.Then, the rate started to rise on Monday to the current rate.Also, the 15-year fixed mortgage rate on Tuesday was 3.6 percent.For 5/1 ARMs, the rate was at 3.01 percent.Source: