Requests for purchase loan quotes were up 12% in June vs. May, and up 230% since the start of the year, signifying what could be good news in the number of people who are shopping for homes. Zillow Mortgage Marketplace saw more than 32,000 requests for purchase loans in June versus just under 10,000 in January.
Meanwhile, requests for refinance loans were down -36% in June vs. May, and down -28% from the start of the year. This is attributed to a rise in mortgage rates in recent weeks. Today’s average rate for a 30-year fixed loan is 5.35%, up from as low as 4.96% in May.
Last 5 posts in Finding a Loan on Zillow
- Home Refinancers Save $3 Billion - November 2nd, 2009
- Zillow Mortgage Marketplace: Changes Make It Better For Consumers - October 22nd, 2009
- New Refinance Break-Even Point and Savings Graph - October 1st, 2009
- Plain Vanilla Protection vs. Consumer Education - September 24th, 2009
- Low Rates Cause Surge in Refinance Loan Requests - September 23rd, 2009
- Stumble it!
- Categories: Finding a Loan on Zillow, Mortgage Rates, Mortgage Types, Refinance
