*Synced from Seattle and Real Estate Blog
Borrowers were quoted just below 4% last week for 30-year fixed mortgage rates Nationally, which is down from 4.08%, where the rate had been previously hanging for weeks. According to Zillow, mortgage rates in Washington State stayed at 3.99% last week, but have since increased to 4.05% this week after the long weekend. Today other state mortgage rates have ranged from a low of 3.94% in South Dakota, to a high of 4.17% in Wyoming and West Virginia.
While the rate has risen, Zillow experts predict the rates will
remain low this short work week, as breaks in our domestic economic data
will be overshadowed by concerns over the European economy. News of a
plausible European Central Bank plan to instill a stimulus program
similar to the Federal Reserve’s is one reason the rates in the US
remained low last week, and are predicted to remain in this range for
weeks to come. If you’re interested in learning more about Seattle real
estate, contact your local real estate agent today.
Borrowers were quoted just below 4% last week for 30-year fixed mortgage rates Nationally, which is down from 4.08%, where the rate had been previously hanging for weeks. According to Zillow, mortgage rates in Washington State stayed at 3.99% last week, but have since increased to 4.05% this week after the long weekend. Today other state mortgage rates have ranged from a low of 3.94% in South Dakota, to a high of 4.17% in Wyoming and West Virginia.
Photo Courtesy of Zillow Mortgage
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