According to real estate Web site Zillow.com, “The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.02 percent, up from 5.00 percent the week prior, according to the Zillow Mortgage Rate Monitor. Meanwhile, rates for 15-year fixed mortgages also dropped to 4.60 percent from 4.63 percent, and 5-1 adjustable rate mortgages rose to 4.27 percent from 4.21 percent the week prior.”
The press release went on to state that 30-year fixed mortgage rates varied by state. “Connecticut mortgage rates and Michigan mortgage rates decreased the most, down from 5.04 percent to 4.99 and from 5.06 percent to 5.01 percent, respectively. Georgia mortgage rates and Virginia mortgage rates were the lowest in the country, while Massachusetts mortgage rates (5.11%) were the highest. California mortgage rates were the most requested among all states.”
Georgia Mortgage Rates on Zillow
If you are a buyer in our market, 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!
Another great post, Hank – especially when tied in with the new Georgia tax credit.
Despite my usual political leanings, I must say this administration (both Federal and Georiga) is actually attempting to do things to get the inventory down.
Amazing what happens when people work together.
Navy Chief, Navy Pride