After Weeks on the Rise, Mortgage Rates Finally Drop reports Zillow

interest ratesZillow reports that the weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.58 percent, down from 5.72 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com. Meanwhile, rates for 15-year fixed mortgages fell to 5.01 percent from 5.18 percent, and 5-1 adjustable rate mortgages remained flat at 4.73 percent

For current rates, visit www.zillow.com/Mortgage_Rates/.

 
                      Average 30-yr.         Average 30-yr.
                        Fixed Rate            Fixed Rate
    State          Week ending 6/21/09    Week ending 6/14/09 
    Georgia                 5.52%                  5.67%

As stated by Zillow, “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. 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.”

Zillow.com and Zillow are registered trademarks of Zillow, Inc.

SOURCE: Zillow.com

Web site: http://www.zillow.com/

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 with MapTracks 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!

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About hankbailey

Member of the Athens Area Association of REALTORS®, Georgia Association of REALTORS®, and the National Association of REALTORS®. I grew up in Athens and graduated from UGA with a BBA from the Terry College. I serve as a Residential Real Estate Listing and Buyer Services through Prudential Georgia, one of the largest real estate companies in the State of Georgia. Working with first time home buyers, step-up buyers, and Relocations in Jackson, Barrow, Oconee, and Athens-Clarke Counties. http://www.AdvancedPropertyMarketing.com (this is our listing methodology) http://www.GetJobLossProtection.com (this is an overview of our job loss program) • Adept at understanding mortgage financing issues, products, and terminology. • Technical expertise in internet marketing. • Excellence in establishing trust with clients. Represents Prudential Georgia Property Management in the acquisition and marketing of properties for lease in the Greater Athens area. Personal website; www.athensgahomesforsale.com Member of GA MLS Member of FMLS Member Georgia Association of REALTORS® Member of Athens Association of REALTORS® Member of the National Association of REALTORS® Member of the UGA Alumni Association
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