Mortgage Rates Hover Below 5%
Austin Kilgore | 01.20.09 www.dsnews.com
Mortgage interest rates were up slightly last week, but still remain below 5 percent, according to Zillow's weekly Mortgage Rate Monitor.
The rate for 30-year, fixed-rate mortgages was 4.96 percent, up from 4.92 percent during the week prior.
Rates for 15-year fixed-rate mortgages increased to 4.72, up from 4.58 percent.
5-1 adjustable rate mortgages decreased to 5.22 percent from 5.35 percent.
Zillow uses thousands of mortgage rates quoted on its Web site from mortgage lenders to borrowers who have submitted loan requests.


