From RealTrends.com: The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.80 percent, up two basis points from 4.78 percent compared to this same time last week. The 30-year fixed mortgage rate rose over the weekend, with a Sunday spike at 4.88 percent, before coming down on Monday.The total volume of mortgage requests in the past week was down 4.4 percent from the prior week. Of last week’s requests, 31 percent were for refinance loans, 67 percent were for purchase loans and 2 percent were for home equity loans. The prior week, 32.2 percent of requests were for refinance loans, 65.8 percent were for purchase loans and 2 percent were for home equity loans.