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The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased slightly from last week to 5.02%, down from 5.04% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com. Rates for 15-year fixed mortgages fell to 4.42% from 4.45%, and 5-1 adjustable rate mortgages fell to 3.94%, down from 4.00% the week prior.Source: http://rismedia.com/2009-10-01/national-30-year-fixed-mortgage-rate-nears-5-00/#ixzz0UaXR7zVZ
The Naples Real Estate Market has not only shown positive activity and positive growth within the last year. Prices in most areas are stabilizing, meaning they are not dropping or increasing by large percentages.
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.31%, up from 5.26% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com. Meanwhile, rates for 15-year fixed mortgages rose to 4.69% from 4.65%, and 5-1 adjustable rate mortgages also rose to 4.31%, down from 4.30% the week prior.
Average Rate Average Rate
Mortgage Type Week ending 7/19/09 Week ending 7/12/09 % Change
30-year fixed 5.31% 5.26% 1.0%
15-year fixed 4.69% 4.65% 0.9%
5-1 ARM 4.31% 4.30% 0.2%
Source: Rismedia.com
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