Mortgage Rates For March 31 2009

Fixed mortgage rates ticked up slightly from last weeks averages according to the latest survey released by Zillow Mortgage Marketplace. However, folks in Georgia are still able to receive a 30 year fixed mortgage rate below 5 percent.

On a national basis, the 30 year fixed mortgage rate increased slightly from 5.06 percent to a current average of 5.09 percent. The 15 year fixed mortgage rate also saw a slight increase week over week from an average of 4.73 percent to a current average of 4.80 percent.

The 5 year adjustable mortgage rate, the only ARM that Zillow Mortgage Marketplace tracks, declined by 0.03 percent to a current average of 4.66 percent.

On a state by state basis, Georgia recorded the lowest 30 year fixed mortgage rate at 4.99 percent followed by Texas at 5.05 percent and California and Florida at 5.06 percent. Ohio recorded the highest average for a 30 year fixed mortgage rate at 5.24 percent followed by Illinois at 5.16 percent and New York at 5.15 percent.

For local mortgage rates visit Future Planning Financial at www.fpf-direct.com.

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