The current average 30-year fixed mortgage rate climbed 1 basis point from 3.97% to 3.98% on Tuesday, Zillow announced.

The 30-year fixed mortgage rate on March 7, 2017 is up 5 basis points from the previous week’s average rate of 3.93%.

Additionally, the current national average 15-year fixed mortgage rate increased 2 basis points from 3.14% to 3.16%. The current national average 5/1 ARM rate is equal to 2.97%.

Source: Zillow

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