Zillow Mortgage Rates Edge Lower

According to a news release issued this morning, the #2 Real Estate search engine "Zillow" reports that the 30-Year mortgage rate remained steady for the week ending April 10th.

Borrowers on Zillow Mortgage Marketplace found the 30-year Zillow mortgage rates quoted as relatively flat over this past week. According to Zillow, "Last week's rate was 5.10 percent, up slightly from 5.08 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®." Meanwhile, rates for a 15-year fixed mortgage decreased to 4.73 percent, and 5-1 adjustable rate mortgages also decreased.

Late Monday evening rates for a 30-year fixed purchase mortgages fell to 5.02 percent. For current, up-to-the-minute rates, visit www.zillow.com/Mortgage_Rates/ .

Average 30-yr. Average 30-yr.
Fixed Rate Fixed Rate
State Week ending 4/12/09 Week ending 4/05/09 % Change

Arizona 5.09% 5.07% 0.4%
California 5.10% 5.07% 0.6%
Colorado 5.06% 5.06% 0.0%
Connecticut 5.10% 5.09% 0.2%
Florida 5.06% 5.04% 0.4%
Georgia 5.00% 4.96% 0.8%
Illinois 5.14% 5.12% 0.4%
Maryland 5.17% 5.16% 0.2%
Massachusetts 5.15% 5.10% 1.0%
Michigan 5.10% 5.09% 0.2%
Minnesota 5.10% 5.06% 0.8%
New Jersey 5.12% 5.08% 0.8%
New York 5.14% 5.14% 0.0%
North Carolina 5.11% 5.09% 0.4%
Ohio 5.22% 5.20% 0.4%
Oregon 5.11% 5.10% 0.2%
Pennsylvania 5.09% 5.05% 0.8%
Texas 5.05% 5.02% 0.6%
Virginia 5.11% 5.09% 0.4%
Washington 5.08% 5.10% -0.4%

Zillow Mortgage Rate averages are compiled each week using thousands of rate quotes on Zillow Mortgage Marketplace by lenders to borrowers.

"Zillow Mortgage Marketplace is a free, open, and transparent lending marketplace, where borrowers connect with lenders to find loans and get the best mortgage rates. Mortgage borrowers anonymously submit loan requests and receive an unlimited number of custom mortgage quotes with real rates directly from thousands of competing lenders. Zillow Mortgage Marketplace also provides mortgage calculators, mortgage advice, mortgage widgets, and lender directories," according to Zillow.

SOURCE: Zillow.com
Web site: www.zillow.com

The author Hank Bailey is real estate broker in the state of Georgia. He blogs at athensproperties.wordpress.com/.
hankbailey@kw.com
(c)706-621-1895
(w)706-316-2900

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