According to the Zillow Mortgage Marketplace, the average rate, for the recent week, borrowers who contacted Zillow were quoted on for thirty-year mortgages fell to 5.06 percent. This data, compiled by leading real estate Web site Zillow.com®, also noted that the 15-year mortgage decreased to 4.68 percent, while the 5-1 adjustable rate mortgage decreased all the way down to 4.47 percent from 4.65 percent the previous week.
According to the Zillow Mortgage Marketplace; 30-year fixed 5.06 15-year fixed 4.68 5-1 ARM 4.47
For up-to-the-minute rates head to www.zillow.com/Mortgage_Rates/. According to Zillow the 30-year fixed mortgage rate fell to 4.99 percent on Monday evening! Georgia mortgage rates (4.99%) and Florida mortgage rates (4.99%) were the lowest in the country.
State Average 30-yr. Average 30-yr. Fixed Rate Fixed Rate Week ending 4/19/09 Week ending 4/12/09 % Change Arizona 5.05 5.09 -0.8% California 5.06 5.10 -0.8% Colorado 5.05 5.06 -0.2% Connecticut 5.05 5.10 -1.1% Florida 4.99 5.06 -1.3% Georgia 4.99 5.00 -0.2% Illinois 5.09 5.14 -1.0% Maryland 5.10 5.17 -1.4% Massachusetts 5.08 5.15 -1.2% Michigan 5.07 5.10 -0.7% New Jersey 5.05 5.12 -1.4% New York 5.08 5.14 -1.1% North Carolina 5.08 5.11 -0.5% Ohio 5.17 5.22 -1.0% Oregon 5.11 5.11 0.1% Pennsylvania 5.03 5.09 -1.2% Texas 5.02 5.05 -0.5% Virginia 5.06 5.11 -1.1% Washington 5.04 5.08 -0.7% Wisconsin 5.13 5.17 -0.7%
According to Zillow, “the Zillow Mortgage Rate Monitor is compiled each week using thousands of mortgage rates quoted on Zillow Mortgage Marketplace by mortgage lenders to borrowers who have submitted loan requests. State-level data is gathered for the top 20 states with the highest quote volume on Zillow.”
SOURCE: Zillow.com
Web site: http://www.zillow.com/
These are probably the best buying conditions in 30 years! If you would like to search the Athens MLS please take a look at listings in our “Classic City” today! On this web MLS search solution you can search every listing on the Georgia MLS for the Greater Athens area or in your Georgia town!
Great news for Georgians! Rates in Augusta seem to be trending even lower than the nation-leading state averages. At two closings last week, Buyers for our listings locked in at well under 5% – one on a 15-year conventional, the other a USDA 30-year fixed product.