Dawn Rivera’s Fremont & East Bay Real Estate Blog

Mortgage rates have fallen again in the last two weeks. Rates for 30-year fixed mortgages declined to 5.92%, down from 6.03% the week before, as stated on the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com(R) 15-year fixed mortgages rates decreased to 5.69%, down from 5.76% while 5-1 adjustable rate mortgages rose to 5.87% from 5.85%.

The Zillow Mortgage Rate Monitor is compiled each week using thousands of mortgage rates quoted on Zillow Mortgage Marketplace (www.zillow.com/mortgage) by mortgage lenders to borrowers who have submitted loan requests. State-level data is gathered for the top 20 states with the highest quote volume on Zillow.

Rates for 30-year fixed mortgages fell even further on Monday evening with the average rate on Zillow Mortgage Marketplace at 5.71%.

At a state level, the 30-year fixed mortgage rate in Pennsylvania saw the biggest decrease, falling from 6.06% to 5.88%. Rates on 30-year fixed mortgages were lowest in the states of Oregon (5.79%) and Georgia (5.81%) and, while Missouri (6.11%) and South Carolina (6.05%) had the highest rates. The table below shows the interest rates for the last 37 years.