The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained stable for the third consecutive week at 5.08 percent, down slightly from 5.09 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 decreased to 4.77 percent, down from 4.80 percent and 5-1 adjustable rate mortgages rose, up to 4.71 percent from 4.66 percent the week prior.

Rates for 30-year fixed purchase mortgages had remained flat on Monday evening, with the average rate on Zillow Mortgage Marketplace at 5.08 percent.

Thirty-year fixed mortgage rates varied by state. Illinois mortgage rates, Ohio mortgage rates and Pennsylvania mortgage rates decreased the most, increasing from 5.16 percent to 5.12 percent in Illinois, from 5.24 percent to 5.20 percent in Ohio and from 5.09 percent to 5.05 percent in Pennsylvania. Georgia mortgage rates (4.96 %) and Texas mortgage rates (5.02%) were the lowest in the country while Ohio mortgage rates (5.20%) were the highest. California mortgage rates were the most requested among all states.