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30-Year Mortgage Rates Highest Since the First Week of December 2008
added: 2009-02-11

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages rose last week to 5.44 percent, up from 5.25 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®.

Meanwhile, rates for 15-year fixed mortgages increased to 5.15 percent, up from 4.96 percent and 5-1 adjustable rate mortgages stayed steady at 5.37 percent.

Rates for 30-year fixed purchase mortgages had fallen on Monday evening, with the average rate on Zillow Mortgage Marketplace at 5.27 percent.

At a state level, the 30-year fixed mortgage rate in New York had the biggest increase, rising from 5.31 percent to 5.60 percent. Rates on 30-year fixed mortgages were lowest in the states of Georgia (5.32%) and Pennsylvania (5.34%), while New York (5.60%) and Massachusetts (5.54%) had the highest rates.


Source: Zillow.com

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