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Tag Archives: Zillow

Mortgage Rates Rise Slightly This Week: Zillow

After falling to new lows last week, interest rates for 30-year fixed-rate mortgages climbed to 3.82 percent, real estate Web site Zillow said Tuesday. The Web site polled anonymous quotes from online users to release the latest Zillow Mortgage Marketplace, which it offers weekly. While the 30-year loan averaged 3.8 percent, the 15-year fixed-rate mortgage hovered around 3.12 percent. Mortgage rates have remained near all-time lows as investors continue to flee from European markets, which remain afflicted by concerns over their debt crises.

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Fixed-Rate Mortgage Drops to Record 3.69%: Zillow

Mortgage rates slumped to record lows Tuesday. Again. Real estate Web site Zillow released the weekly Zillow Mortgage Marketplace, which it develops by pooling quotes for mortgage rates from online users. The Web site reported the 30-year fixed-rate mortgage hitting 3.69 percent this week ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô rock bottom, and a new low for the third straight week. Interest rates for a 15-year fixed-rate mortgage hovered around 3.03 percent, all while the figures for 5-year and 1-year adjustable-rate mortgages averaged 2.63 percent.

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Zillow Sees New Record Lows for Mortgage Rates

Interest rates for the benchmark 30-year fixed-rate mortgage smashed new records for Zillow, which reported current rates falling as low as 3.71 percent, the lowest in survey history for the real estate Web site. Zillow found the newest numbers for mortgage rates with Zillow Mortgage Marketplace, which it sources from anonymous quotes and releases weekly. The 30-year fixed-rate loan fell to new lows from 3.73 percent seen last week, and hovered at rates as low as 3.67 percent Monday morning. Zillow reported rates for 15-year loans falling to 3.03 percent.

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Zillow Sees New Lows for Mortgage Rates

If the latest figures for mortgage rates signal anything, lenders may continue seeing all-time lows for interest on their loans. Real estate Web site Zillow reported the figures Tuesday in the latest Zillow Mortgage Marketplace, which tracks anonymous quotes in real time. Zillow found the 30-year fixed-rate mortgage slamming into a record low of 3.73 percent this week, falling from 3.81 percent last week. Rates for a 15-year fixed-rate mortgage leveled out at 3.07 percent, while 5-year and 1-year adjustable-rate mortgages rounded out at 2.65 percent.

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Home Values Decline 0.3% in October: Zillow

Home values continued on a downward-facing slope by declining 0.3 percent in October, with more to come over 2012, according to real estate Web site Zillow. The company released a monthly Zillow Real Estate Market Report that found monthly depreciation rates nonetheless stabilizing as the housing market bottoms out. Zillow found declines for home values year-over-year by 5.1 percent to $147,900, as home values declined by 23.7 percent since peaking in May 2007.

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Zillow Releases Mortgage Rates This Week

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In line with record-low mortgage rates, Zillow found interest rates for the 30-year fixed-rate loan hovering around 3.78 percent this week. The real estate finance Web site culled figures from anonymous online quotes, which it used in the Zillow Mortgage Marketplace. The rate for a 15-year loan stayed around 3.11 percent, with rates for 5-year and 1-year adjustable-rate mortgages nearing 2.52 percent. By state, mortgage rates also fell nationally, with New York leading the way in a decline by 13 basis points from last week.

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Thirty-Year Loan Falls Lowest in Seven Weeks: Zillow

With the global economy overshadowed by debt crises, fleeing investors keep mortgage rates at record lows, as Zillow reaffirmed Tuesday. The real estate Web site polled its online audience, reporting that the benchmark 30-year fixed-rate mortgage hit 3.8 percent, the lowest rate in seven weeks. A dearth for the 30-year fixed-rate loan reflects a fall by 10 basis points, down from 3.9 percent last week. The 15-year fixed-rate mortgage likewise hovered around 3.16 percent.

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Zillow: Homebuyers Setting Unrealistic Expectations

A new survey from Zillow: reveals that prospective homebuyers may have an overly optimistic view when it comes to their expectations related to property appreciation and housing value. In the website├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós recent poll, more than 42 percent of those that plan on purchasing a home in the near future said they anticipated a 7 percent annual increase in their property value during their ownership period.

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Brokers: Mortgage Industry Will Miss Steve Jobs

Shocking the nation and world, Apple, Inc. co-founder Steve Jobs succumbed to a rare case of pancreatic cancer Wednesday. Speaking with MReport, mortgage brokers, company executives, and other professionals praise the late visionary for his transformative role in creating mortgage apps, iPhones, and other technology that made their professional lives easier and business more convenient. One such broker recalls seeing and hearing about Jobs as he worked on his Apple computer prototype three doors down from her.

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What the Lower Conforming Loan Limits Mean

Making good on promises by policymakers from both parties, Congress allowed the $729,750 threshold for conforming loans with federal guarantees to expire Saturday, pinching high-end borrowers in a marginal number of counties and potentially leaving a swath of new market share for private bankers. Homebuyers looking for more than $625,000 in financing for their mortgage loans will accordingly fall short of eligibility requirements needed for federal insurance.

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