Mortgage Rates Pulse

Interest Rate Updates for Home Financing and Mortgage Refinance Rates
Jump to content.

Mortgage Rate Info

Preferred Loan Type

Mortgage Balance

Property Value

Credit Rating

Property State

Full Name

Email Address

Phone

Current Mortgage Rates See local rates Zillow Mortgage Marketplace Get this widget

 

October 2009
M T W T F S S
« Sep   Dec »
 1234
567891011
12131415161718
19202122232425
262728293031  

Current Mortgage Rates Remain Low

MBA reported the current mortgage interest rates for thirty-year fixed-rate home loans fell to 5.01 last week from 5.04%.   These low mortgage rates have spurred a refinancing frenzy across the country.

But that number remains more than the national average of 4.95%, according to the real estate Web site. According to Zillow. New York and Illinois had the highest rates at 5.15% and 5.1%, respectively. Colorado, Virginia and Washington had the lowest at 4.9%.

National mortgage rates declined as well. The 15-year fixed mortgages fell to 4.37% from 4.39% and 5-1 adjustable rate mortgage loans dropped to 3.83% from 3.85 the previous week. The volume of mortgage loan applications also fell to 12,696 from 13,081. Last week’s tally included 52% refinance loans, 46% purchase loans and 2% for home equity.