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The current average 30-year fixed mortgage rate fell 2 basis points from 3.92% to 3.90% on Tuesday, Zillow announced.

The 30-year fixed mortgage rate on January 24, 2017 is down 4 basis points from the previous week’s average rate of 3.94%.

Additionally, the current national average 15-year fixed mortgage rate decreased 2 basis points from 3.11% to 3.09%. The current national average 5/1 ARM rate is down 4 basis points from 3.01% to 2.97%.

Source: Zillow

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