RISMEDIA, July 22, 2009-The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.31%, up from 5.26% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com. Meanwhile, rates for 15-year fixed mortgages rose to 4.69% from 4.65%, and 5-1 adjustable rate mortgages also rose to 4.31%, down from 4.30% the week prior.
Average Rate Average Rate
Mortgage Type Week ending 7/19/09 Week ending 7/12/09 % Change
30-year fixed 5.31% 5.26% 1.0%
15-year fixed 4.69% 4.65% 0.9%
5-1 ARM 4.31% 4.30% 0.2%
Thirty-year fixed mortgage rates varied by state. Minnesota mortgage rates and Maryland mortgage rates increased the most, from 5.32% to 5.40% in Minnesota and from 5.33% to 5.40% in Maryland. Illinois mortgage rates (5.41%), Minnesota mortgage rates (5.40%) and Maryland mortgage rates (5.40%) were the highest in the country, while Georgia mortgage rates (5.22%) were the lowest.
For more information, visit www.zillow.com.
Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com