30-year Fixed Rate is at 4.000%* this week.
Rates crept back up to where they were ending last year, but are still quite low, historically speaking.
A reduced inventory of homes is starting to push up home values, which makes lower rates that much more important for homebuyers.
*This is closest "par" rate for a conventional 30-year mortgage. It assumes very good credit, sufficient equity, and the absence of other negative risk factors (e.g. property use, cash-out or not, loan amount, etc). Different mortgage types (such as FHA and VA) and specific risk factors will affect interest rates.
