Mortgage rates for 30-year fixed mortgages fell this week to another record Low

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.34 percent, down from 3.35 percent at this same time last week.

This represents the lowest rate reported since Zillow Mortgage Marketplace launched in April 2008. The previous low was 3.35 percent, first reported one week ago on July 24. After peaking at 3.53 percent on Sunday, the 30-year fixed mortgage rate dropped and hovered between 3.39 and 3.48 percent, sliding to the current rate this morning.

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