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If the latest figures for mortgage rates signal anything, lenders may continue seeing all-time lows for interest on their loans.
[IMAGE]Real estate Web site ""Zillow"":http://www.zillow.com/ 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 (ARMs) rounded out at 2.65 percent.
[COLUMN_BREAK]""Rates fell to an all-time low this past week amid low holiday volume and continued Federal Reserve mortgage-backed security buying,"" ""Erin Lantz"":http://www.zillow.com/profile/Erin-Lantz/, director of Zillow Mortgage Marketplace, said in a statement.
""Moving forward, we can expect some rate volatility as markets establish their initial baselines for 2012,"" she said, adding that ""we anticipate mortgage rates to remain relatively stable around 4 percent for the first half of the year.""
At the state level, New York saw mortgage rates for its residents fall lowest, with rates for the 30-year loan dipping from 3.88 percent last week to 3.66 percent week ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô a decline by 22 basis points.
Interest rates for the 30-year loan in Massachusetts meanwhile fell from 3.87 percent last week to 3.75 percent this week, reflecting a plunge by 12 basis points.
Colorado and Washington helped lead the way down with declines in their rates by 10 basis points each, respectively, with their interest rates declining to 3.70 percent and 3.73 percent, down from 3.8 percent and 3.82 percent.
California followed with a plunge by 9 basis points to 3.73 percent, down from 3.82 percent last week.
Interest rates for loans in Florida and Illinois fell by the least of all these states, with rates for each falling to 3.77 percent and 3.73 percent, down from 3.78 percent and 3.87 percent, respectively.
