Mortgage Rates up this week

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.69 percent, up from 4.62 percent at this same time last week.

The 30-year fixed mortgage rate increased over the weekend, peaking at 4.7 percent on Saturday, then hovered near 4.68 percent for the remainder of the week.

Additionally, the 15-year fixed mortgage rate on Tuesday morning was 4.01 percent and for 5/1 ARMs, the rate was 3.2 percent.