Mortgage Rates — Just Gorgeous!
By: Diane Tuman, Zillow Content Manager | December 4, 2008
As charts go, that’s a beautiful chart. I don’t need a new mortgage, but if I did, it’s awfully tempting to lock something up now since mortgage rates on Zillow Mortgage Marketplace are sliding downward nicely.
Today’s 30-year fixed is around 5.23% and the 15-year mortgage rate is around 5.14%. Again, this is a compilation of real-time rates coming through Zillow Mortgage Marketplace.
The Wall Street Journal is reporting that the Treasury Department is flirting with the idea of 4.5%, and our colleague Tom Vanderwell over at Mortgages Unzipped throws more analysis behind the headline by shedding doubt that for 4.5% to happen, a lot of other things need to happen, making the 4.5% a moot conversation.
So, if you need a mortgage, click on that chart above and see how mortgage rates are coming in for your area.
- Stumble it!
- Categories: Mortgages
Comments
2 Comments so far
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Brandon Green on December 5, 2008 10:30 am
With so many buyers holding off based on the rumor of the lower rate, 4.5 almost needs to happen.
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