The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased slightly last week to 5.26 percent, down from 5.29 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 fell to 4.62 percent from 4.66 percent, and 5-1 adjustable rate mortgages also fell to 4.21 percent, down from 4.23 the week prior.

On Monday, rates for 30-year fixed purchase mortgages decreased further, with the average rate on Zillow Mortgage Marketplace at 5.18 percent. For current, up-to-the-minute rates, visit www.zillow.com/Mortgage_Rates/.


Thirty-year fixed mortgage rates varied by state. Massachusetts mortgage rates, and Maryland mortgage rates decreased the most, from 5.38 percent to 5.31 percent in Massachusetts and from 5.37 percent to 5.31 percent in Maryland. Illinois mortgage rates (5.39%) and Minnesota mortgage rates (5.38%) were the highest in the country, while Colorado mortgage rates and California mortgage rates were the lowest, each at 5.22 percent.