Mortgage Rates Remain Steady
By: Sarah Greenleaf, PR Intern | November 3, 2009
Mortgage rates for 30-year fixed rates remained steady this week, with the weekly average rate borrowers were quoted on Zillow Mortgage Marketplace at 4.86%, down from 4.87% the week prior. For 15-year fixed mortgages, borrowers were quoted on average, 4.31% and for 5/1 ARMs, 3.79%.
This morning, the national rate for 30-year fixed purchase mortgages was 4.83%.
What are the rates right now? Check Zillow Mortgage Marketplace for up-to-the-minute mortgage rates.
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- Categories: Mortgages
Comments
3 Comments so far
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Gainesville Real Estate on November 3, 2009 3:53 pm
It’s kind of incredible that even with the dollar falling and commodity/gold prices rising that the Fed has been able to hold mortgage rates under 5%.
Andrew Hahn on November 5, 2009 8:41 pm
The difficulty about quoting interest rates is they change from day to day and even multiple times during the day depending on market conditions. Also there are other variable such as LTV, credit score, Purpose and program type. Rates need to quoted based on the person particular situation. If you’re in Colorado and would like to know what your rate would be given your particular situation please contact me.
Andrew Hahn
The difficulty about quoting interest rates is they change from day to day and even multiple times during the day depending on market conditions. Also there are other variable such as LTV, credit score, Purpose and program type. Rates need to quoted based on the person particular situation. If you’re in Colorado and would like to know what your rate would be given your particular situation please contact me.
Andrew Hahn
Capital Advantage
Free Loan Modification Kit on November 7, 2009 6:06 pm
Its nice to see something somewhat positive in this housing market today, that will actually benefit struggling homeowners. Its impressive how the mortgage rates continue to remain steady and low…