Mortgage News | Zillow Reports Mortgage Rate Dips

 

 

 

 

An interesting article posted on the Zillow Blog.  A good read if you are in the market for a new home that will carry a mortgage!

DATE:OCTOBER 25, 2011
AUTHOR:LAUREN RIEFFLIN
CATEGORY:FINANCE

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.95 percent, down from 4 percent at this same time last week.

The 30-year fixed mortgage rate hovered between 3.95 percent and 3.99 percent for the majority of the week, peaking at 4.03 percent early this morning before dropping to the current rate.

“Although mortgage rates have notched up in recent weeks, they remain at historic lows,” said Erin Lantz, director of Zillow Mortgage Marketplace. “We anticipate that mortgage rates will remain very low when the revamped HARP plan takes effect…READ FULL ARTICLE

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