The New York Times rambles, and mangles mortgages along the way

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits

WATCH: Trulia stages haunted house for unsuspecting homebuyers

'Tis the season. For screaming.

10 reasons why people don’t get a mortgage

It’s not just because of finances
W S

Zillow: National 30-year FRM rates remain flat week-over-week

/ Print / Reprints /
| Share More
/ Text Size+
The 30-year, fixed-rate mortgage remained flat from last week ending at a 4.14% national average the week of Oct. 20-26, according to the Zillow Mortgage Marketplace weekly update. Zillow said the average current 15-year, fixed rate is 3.6% and the rate for a 5-1 adjustable rate mortgage is 3.01%. That type of mortgage maintains a steady rate for five years and then is adjusted annually thereafter. Regionally, 30-year rates vary, as the West Coast experienced rate deprecation and the East Coast witnessed rate appreciation. California's average rate fell to 4.12% last week, down from 4.18% while rates in Colorado fell to 4.13% from 4.27% the previous week. Washington saw its average rate drop to 4.14% from 4.18%. Massachusetts' average rate for a 30-year fixed rate climbed to 4.24% from 4.14% during the Oct. 13-19 period, as did New Jersey's, up to 4.14% from 4.06%. Pennsylvania's current rate of 4.11% is down from 4.21% last week. Zillow bases its averages on real-time mortgage quotes from lenders registered with the company. The national average comes from thousands of daily quotes by anonymous borrowers through the Seattle-based company's website. Write to Christine Ricciardi.

Recent Articles by Christine Ricciardi

Comments powered by Disqus