Mortgage Rates Continue to Drop
By: Sarah Greenleaf, PR Intern | July 7, 2009
Thirty-year fixed mortgage rates dropped again last week, with the weekly average rate borrowers were quoted on Zillow Mortgage Marketplace at 5.40%, down from 5.48% the week prior. For 15-year mortgages, borrowers were quoted on average, 4.79% and for 5-1 ARMs, 4.49%.
This is the third straight week of declining mortgage rates. As of Tuesday morning, the national rate for 30-year fixed purchase mortgages was even lower: 5.29%. Check out up-to-the-minute rate tables for more.
- Stumble it!
- Categories: Mortgages
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5 Comments so far
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Chad Dierickx on July 7, 2009 11:17 am
I am envious of buyers right now - my 6.625% 10-Year ARM looked good in Spring of 2006. Buyers, take advantage of great rates and low prices if you are able to purchase a home! I’d be thrilled to help you find the home that is right for you in King County.
Mortgage Rates Continue to Drop « Citrus Hills Homes Blog on July 7, 2009 1:23 pm
[...] July 7, 2009 in Uncategorized Mortgage Rates Continue to Drop [...]
Top 5 real estate posts of the day – 7/8/2009 on July 8, 2009 8:19 am
[...] Mortgage rates continue to drop – After going up for the last month, mortgage rates seem to be inching back down [...]
Loan Modification on July 9, 2009 2:43 am
good stuff! lets hope more people refi / purchase!
100% Mortgage on August 5, 2009 4:41 am
Lets get consumer confidence back so they start to use the finance system again.