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
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
