Athens GA Properties, Athens Georgia Homes, and Athens Real Estate

According to a press release this morning, the weekly average rate borrowers were quoted on Zillow for a 30-year fixed mortgages decreased six basis points last week to 4.69 percent, down from 4.75 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Rates for 15-year fixed mortgages fell two basis points to 4.23 percent from 4.25 percent, and 5-1 adjustable rate mortgages increased one basis point to 3.69 percent, from 3.68 percent the week prior.

 
                     Average Rate          Average Rate        Change in
  Mortgage Type  Week ending 11/22/09  Week ending 11/15/09  Basis Points
  -------------  --------------------  --------------------  ------------
  30-year fixed          4.69%                 4.75%              -6
  15-year fixed          4.23%                 4.25%              -2
  5-1 ARM                3.69%                 3.68%              +1

Zillow reported that while the thirty-year fixed mortgage rates varied by state, Minnesota mortgage rates, Arizona mortgage rates, Michigan mortgage rates and Georgia mortgage rates decreased the most, from 4.76 percent to 4.64 percent in Minnesota, from 4.85 percent to 4.75 percent in Arizona, from 4.81 percent to 4.71 percent in Michigan and from 4.83 percent to 4.73 percent in Georgia.

SOURCE: Zillow.com

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

www.AthensGaHomesForSale.com