Mortgage Rates Drop

Mortgage rates quoted to borrowers on Zillow Mortgage Marketplace dropped significantly over the past few days.

It’s been reported that the Treasury and Federal Reserve are keeping rates low by buying mortgage-backed securities whenever rates threaten to rise.  Maybe they went on a shopping spree this week in response to diminishing refinance activity.

Since rates displayed in Zillow Mortgage Marketplace rate charts and graphs are averages, it’s best to find out the exact rate for which you qualify.  You can do this by anonymously requesting custom mortgage quotes from thousands of lenders on Zillow.