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15 year rates goes up, Zillow.com shows it's down to 4.5%

 Zillow.com shows the following:

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15 year fixed mortgage rates go up to 4.73%

Thursday, April 2, 2009

Mortgage rates for a 15 year fixed mortgage climbed 2 basis points from 4.71% to 4.73% on Thursday, Zillow Mortgage Marketplace announced.

The 15 year fixed mortgage rate on April 2, 2009, is down 5 basis points from the previous week's average rate of 4.78% and down 5 basis points from the average rate of 4.78% from three months ago.
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however the 15 year rate graph shows it dropped to 4.5% today. Who shold we believe?

  • April 02 2009 - Minneapolis
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Answers (1)

Many times when you see information like you've mentioned, there are points involved; these historical numbers are meant to be compared week to week as opposed to other index rates. 

In addition, rates are different in different states so you could be comparing FL rates to MN rates (FL is lower).


  • April 02 2009
  • 0Yes

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