The current average 30-year fixed mortgage rate climbed 2 basis points from 3.84% to 3.86% on Tuesday, Zillow announced.

The 30-year fixed mortgage rate on February 28, 2017 is down 3 basis points from the previous week’s average rate of 3.89%.

Additionally, the current national average 15-year fixed mortgage rate increased 1 basis point from 3.07% to 3.08%. The current national average 5/1 ARM rate is up 2 basis points from 2.84% to 2.86%.

Source: Zillow

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