Mortgage Rates Drop For Second Straight Week
By: Alison Paoli, Zillow PR Specialist | June 30, 2009
Thirty-year fixed mortgage rates dropped again last week, with the weekly average rate borrowers were quoted on Zillow Mortgage Marketplace at 5.48%, down from 5.58% the week prior. For 15-year mortgages, borrowers were quoted on average, 4.87% and for 5-1 ARMS, 4.65%.
Following several weeks of steady mortgage rate increases, the past two weeks of declines are warmly welcomed. As of Tuesday afternoon, the national rate for 30-year fixed purchase mortgages was even lower: 5.35%. Check out up-to-the-minute rate tables for more.
- Stumble it!
- Categories: Mortgages
Comments
7 Comments so far
Enjoy this post? Subscribe to the Zillow Blog feed or get updates via e-mail
Brandon on June 30, 2009 5:58 pm
Great news–hopefully it’ll turn into a long streak of declines!
Loan Modification on July 9, 2009 2:47 am
lets hope rates keep going down!
100% Mortgage on August 5, 2009 4:40 am
How much is real terms is that to the average person in their pocket?
BeOutHere - Adventure Travel and Adventure Travel Reviews on August 9, 2009 10:39 pm
Read & write reviews on Adventure Travel Operators and Tours. Compare Adventure Travel Operator reviews and ratings. Discover Your Next Adventure.
Punk Rock TShirts on August 11, 2009 9:55 pm
Punk Rock TShirts, Music T-Shirts,Band T-Shirts,Rock Clothing,Punk Clothes, hoodies, other rock Classic band merchandise.
Vintage Music Clothes on August 12, 2009 9:16 pm
Hi, I am big fan of music and a big fan of vintage music clothes.Best part people notice me and specially in concert or when I go out with my date.
mobile sim dialer on October 27, 2009 1:26 am
since you open the http://www.mrunlock.net, you may be attracted by the interesting flash, they use the simpliest way to express what is the unlock sim card it is.people see it, people will know it!!on the homepage,you will get know to what is the mobile sim dialer,the advantage,the features, how to use it,and even the packing…Mr Unlocking try their best to be the expert, yes,they are professional!!