According to a Press Release issued by Zillow today the thirty-year mortgage rates increased slightly last week. The weekly average rates for 30-year fixed mortgages increased to 5.10 percent, up from 5.07 percent the week prior, according to the Zillow Mortgage Rate Monitor.
Meanwhile, 15-year fixed mortgages decreased to 4.79 percent, down from 4.86 percent and 5-1 adjustable rate mortgages increased slightly to 5.62 percent from 5.56 percent according to Zillow.
Mortgage Type Average Rate Average Rate % Change
Week ending 1/4/09 Week ending 12/22/08
30-year fixed 5.10% 5.07% 0.6%
15-year fixed 4.79% 4.86% -1.4%
5-1 ARM 5.62% 5.56% 1.1%
The average rate on Zillow Mortgage Marketplace is at 4.98 percent, according to the press release.
The PR also went on to point out that rates on 30-year fixed mortgages were lowest in the states of Arizona (4.97%) and Georgia (4.99%), while Maryland (5.26%) and Virginia (5.24%) had the highest rates.
State Average 30-yr. Average 30-yr. Fixed Rate Fixed Rate Week ending 1/4/08 Week ending 12/28/08 % Change Georgia 4.99% 4.92% 1.5% If you are looking to Buy a home, please start your research by Searching the GA MLS! Here you can create a User account and save property searches, email favorite properties, or request more information!
