Home Add to Favorite Contact Submit  
           29 March, 2024


    
Category:  Press » Finances

 

Thirty-Year Fixed Mortgage Rates Stay Relatively Steady; Most State Rates Remain Below 5.00%

Popularity:
         Views: 2605
2009-11-04 04:53:26     
Zillow

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased one basis point last week to 4.86 percent, down from 4.87 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 one basis point to 4.31 percent from 4.32 percent, and 5-1 adjustable rate mortgages fell one basis point to 3.79 percent, from 3.80 percent the week prior.

The volume of mortgage requests last week fell 9.5 percent from the prior week. Of last week's requests, 43 percent were for refinance loans, 54 percent were for purchase loans and 2 percent were for home equity loans. The prior week, 45 percent of requests were for refinance loans, 53 percent were for purchase loans and 2 percent were for home equity loans.

Average Rate Average Rate Change in
Mortgage Type Week ending 11/1/09 Week ending 10/25/09 Basis Points
------------- ------------------- -------------------- ------------
30-year fixed 4.86% 4.87% -1
------------- ---- ---- ---
15-year fixed 4.31% 4.32% -1
------------- ---- ---- ---
5-1 ARM 3.79% 3.80% -1
------- ---- ---- ---

On Monday, rates for 30-year fixed purchase mortgages fell, with the average rate on Zillow Mortgage Marketplace at 4.79 percent. For current, up-to-the-minute rates.

Thirty-year fixed mortgage rates varied by state. Texas mortgage rates and Connecticut mortgage rates decreased the most, from 4.84 percent to 4.81 percent in Texas and from 4.96 percent to 4.94 percent in Connecticut. New York mortgage rates (5.03%) and New Jersey mortgage rates (5.06%) were the highest in the country, while Texas mortgage rates (4.81%), and California mortgage rates (4.83%) were the lowest.

Average 30-yr. Average 30-yr.
Fixed Rate Fixed Rate
Week ending Week ending Change in
State 11/1/09 10/25/09 Basis Points
----- -------------- -------------- ------------
Arizona 4.92% 4.93% -1
------- ---- ---- ---
California 4.83% 4.84% -1
---------- ---- ---- ---
Colorado 4.89% 4.85% 4
-------- ---- ---- ---
Connecticut 4.94% 4.96% -2
----------- ---- ---- ---
Florida 4.89% 4.86% 3
------- ---- ---- ---
Georgia 4.95% 4.93% 2
------- ---- ---- ---
Illinois 4.99% 4.91% 8
-------- ---- ---- ---
Maryland 4.92% 4.92% 0
-------- ---- ---- ---
Massachusetts 4.90% 4.87% 3
------------- ---- ---- ---
Michigan 4.92% 4.86% 6
-------- ---- ---- ---
Minnesota 4.94% 4.93% 1
--------- ---- ---- ---
New Jersey 5.06% 4.95% 11
---------- ---- ---- ---
New York 5.03% 5.03% 0
-------- ---- ---- ---
North Carolina 4.93% 4.93% 0
-------------- ---- ---- ---
Ohio 4.84% 4.83% 1
---- ---- ---- ---
Oregon 4.84% 4.83% 1
------ ---- ---- ---
Pennsylvania 4.93% 4.93% 0
------------ ---- ---- ---
Texas 4.81% 4.84% -3
----- ---- ---- ---
Virginia 4.87% 4.87% 0
-------- ---- ---- ---
Washington 4.84% 4.84% 0
---------- ---- ---- ---


The Zillow Mortgage Rate Monitor is compiled each week using thousands of mortgage rates for conforming loans quoted on Zillow Mortgage Marketplace by mortgage lenders to borrowers who have submitted loan requests. State-level data is gathered for the top 20 states with the highest quote volume on Zillow. Learn more about our rates.

About Zillow Mortgage Marketplace

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.

Specialized in: Mortgage Rate - Interest Rate - Loan Rates - Best Rates
URL: http://www.zillow.com
Print press release      Bookmark this page
Related Press releases 
Goldsmith & Company: Leading the Way in Financial Services with Expert Chartered Accountants in North London (Popularity: ): London UK, (press.abc-directory ) 11 May 2023 - Goldsmith & Company, a premier accounting firm, is proud to offer exceptional financial services with their team of expert chartered accountants in North London. By delivering tailored solutions to help businesses and individuals navigate the complexities of financial management, Goldsmith & Company has become a trusted partner for clients seeking expert advice and support.In today's ever-changing financial landscape, it is crucial for ...
Connecticut Business Insurance Brokers Discuss General Liability Coverage (Popularity: ): Norwalk, Connecticut (press.abc-directory) September 30, 2020 - The Connecticut business insurance brokers at JMG Insurance Agency recently released a new informational article that answers the question, "what does general liability insurance cover?". The new blog can be found on the company's website. The information in the article is guided by the insurance agency's extensive professional experience handling general liability plans and ensuring their clients are properly and comprehensively covered. Their ...
FinAcc Global Introduced Financial Reporting Services for Manufacturing Industry (Popularity: ): Arlington,texas-- September 10, 2020 -- It has been an immense pleasure to announce that FinAcc Global is now offering financial reporting services for manufacturing industries. FinAcc Global presents accurate yet customized financial statements and reporting services that help manufacturers to make informed decisions. The company aims to prepare financial reports that help their clients expand their business growth with increased revenue. Moreover, they follow a distinct process while working on ...
FinAcc Global launches accounting services for telecommunication businesses. (Popularity: ): Arlington, Texas-- September 2, 2020 -- It has been an immense pleasure to proclaim that FinAcc Global, an accounting outsourcing company, launches specialized accounting services for telecommunication businesses. The outsourcing firm aims to deliver flexible and integrated finance accounting solutions that help the industry to overcome many challenges.FinACC Global presents comprehensive accounting services for the telecommunication industry with 100% data security and confidentiality. With the flexible engagement model and technology-enabled ...
Nelito Systems Ltd. appoints Mr. Sanjay Dube as the new Chief Executive Officer (Popularity: ): Navi Mumbai, July 08, 2020 – Nelito Systems Ltd. (Group Company of DTS Corporation, Japan), announced that Mr. Sanjay Dube has been appointed as the Chief Executive Officer.Mr. Sanjay Dube, prior to joining Nelito looked after the Fuel, Logistics and Land vertical for The Tata Power Company Limited. Prior to that, he looked after Strategy and Performance Analysis and before that, he looked after Treasury, Investor Relations and Corporate Finance, ...


Related Business 
FHA Mortgage Loan (Popularity: ): Mortgage rates can vary widely from lender to lender and state to state. Mortgage rates will vary depending on any number of factors including borrower’s credit history, current and past financial situation, and the length of the mortgage term. Market conditions also cause mortgage rate fluctuation on a day to day basis.
BB&T Mortgage Rates (Popularity: ): BB&T mortgage rates are the main factor which makes the mortgage plans from the bank special for all loan seekers. The mortgage programs from the BB&T are available in different variants with unique features and benefits. The various programs which include fixed rate mortgage, adjustable rate mortgages, CHIP program, jumbo mortgages etc. are in high demand among the citizens of USA looking for residential or commercial mortgages.
7 Year ARM Rates (Popularity: ): If you are only planning on being in your home for 5-10 years, you may want to consider a 7 year adjustable rate mortgage. 7 year ARM products have introductory rates which are set for the first 84 months of the loans before they begin to adjust.
Mortgage Calculator (Popularity: ): Mortgage News-2 provides mortgage and real estate news including mortgage rates, mortgage loan, mortgage calculator, mortgage brokers, commercial mortgage and residential mortgage. When you apply for a mortgage loan the most important thing you look is the interest rate. The interest rates depend not only on the whole market, but also depend on the type of loan you take.
Myers Internet (Popularity: ): Crosscountry Mortgage stands out from other mortgage brokers thanks to our complete line of products including 30 & 15 year fixed mortgages, Adjustable Rate Mortgages (ARM), balloon mortgages, interest only programs, imperfect credit programs, and home equity lines of credit. All of these are offered at competitive interest rates, and unparalleled customer service. Visit us online to see what makes us different from other mortgage brokers.
Calgary Mortgage Brokers (Popularity: ): Mortgage broker based in Calgary, Alberta. Find mortgage rates, mortgage information and financial tools. As Calgary mortgage brokers, we will find the best mortgage rates available. Online mortgage applications.
Mortgage Calgary (Popularity: ): Mortgage Calgary broker JPS Aulakh provides best mortgage Calgary rates and mortgage services in Calgary Alberta and across Canada. The company offers services like Purchases, Re- financing, an existing mortgage, Pre- approvals, Equity take outs, self employed mortgage, debt consolidation Calgary at the mortgage Calgary. To Explore the Best Mortgage Calgary Rates and Services from JPS Aulakh, AMP.
iCafs Technologies (Popularity: ): Our experienced staff can offer expertise in every area of mortgage lending, from purchase to refinance to construction lending. We have access to a full range of mortgage sources and all of our consultants are dedicated to finding the right loan - with the best rates, terms and costs - to meet our clients' unique needs. We will work together with you to ensure that you receive the best possible ...
Mortgage Rates USA (Popularity: ): Find all information about current usa mortgage rates, home loan rate and much more from eugenenorthrop.com. You can compare national mortgage rate and can calculate your monthly payment also.
Hong Kong Association of Banks (Popularity: ): Includes the rules by which the HKAB HKD Interest Settlement Rates are fixed, and has available both the latest and historical rates.