Loan and refinancing processes are complicated and can involve terminology that doesn’t always fall under the umbrella of common knowledge.  Zillow user ObiJonKenobi from Seattle, WA wants to know where the “average” behind “average rates” comes from and poses this question in Zillow Advice:

What are “average” rates based on?

Click the question above and see what agents and lenders are saying. Have more questions? Get in touch with lenders and compare mortgage quotes and home loans instantly and most importantly – anonymously — on Zillow Mortgage Marketplace.

About the Author

Lauren Riefflin manages news around Zillow Mobile communications and works closely with Zillow's real estate economists in preparing Zillow's real estate market reports. She also focuses on celebrity real estate news as both a Zillow Blog author and manager of celebrity content relationships.

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