Rates for 30-year fixed purchase mortgages had fallen on Monday evening, with the average rate on Zillow Mortgage Marketplace at 5.27 percent.
Thirty-year fixed mortgage rates varied by state. Georgia mortgage rates and Michigan mortgage rates decreased the most, dropping from 5.19 percent to 5.17 percent and from 5.30 percent to 5.28 percent, respectively. Florida mortgage rates (5.15%), Georgia mortgage rates (5.17 %) and Maryland mortgage rates (5.17 %) were the lowest in the country while Ohio mortgage rates (5.42%) were the highest. California mortgage rates were the most requested among all states.