According to Web site Zillow.com. the national average interest rate for a thirty-year fixed rate home loans dropped last week, with Georgia remaining the state offering the lowest mortgage rates. For the week ended March 15th, the nationwide average thirty-year rate was 5.21%, down from 5.28% the week prior. In Georgia, the 30-year rate was 5.05% for the week ended March 15, the lowest in the nation.
By Monday night, the average rate on Zillow’s Mortgage Marketplace dropped again, to 5.05 %. Seattle-based Zillow compiles mortgage interest rates quoted by 4,000 participating mortgage lenders to potential borrowers on its site. FHA home loan rates and VA mortgage rates also continued the trend of rate reduction for thirty year home mortgages.
Tags: mortgage lenders, mortgage rates