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30-Year Mortgage Rates Remain Unchanged
added: 2009-03-04

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained steady for the second week at 5.29 percent, up slightly 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 rose slightly to 4.89 percent, up from 4.86 percent and 5-1 adjustable rate mortgages dropped, down to 4.93 percent from 5.07 percent the week prior.

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.


Source: Zillow.com

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