For first time in weeks Mortgage Rates Rise

by R. MAK. on December 8, 2009 · 0 comments

in Mortgage News

According to Zillow.com, in U.S. the weekly average rate for a 30-year fixed mortgage rose  from 4.62% a week earlier to 4.67%, which is the first increase since mid-October.

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Rise in 15-year fixed mortgages

It has been indicated by the Seattle online real estate company’s Zillow Mortgage Rate Monitor that last week national rates for 15-year fixed mortgages also rose from 4.19 a week earlier to 4.20.

Rise in 30-year fixed mortgages

In Washington state, rates for 30-year fixed mortgages has shown a rise from 4.64% to 4.68% a week earlier.

10% Rise in Volume of Mortgage Requests

It has also been reported by Zillow that their has been arise of 10% in the volume of mortgage requests from the week before, among them 51% were those who requests for refinance loans.

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