Best and Worst States for Mortgage Rates, Georgia Best, Illinois Worst
Best and Worst States for Mortgage Rates
Zillow Interest Rate Monitor released yesterday the Best and Worst States for Mortgage Rates.
Georgia is the Best State for Mortgage Rates in the nation with a 5.14% for an average fixed rate 30 year mortgage. Washington is the 2nd Best State for Mortgage Rates with a 5.15% rate. The U.S. average rate is 5.23%.
Illinois is the Worst State for Mortgage Rates in the nation with its rate of 5.36% and Missouri is rated the 2nd Worst State in the nation at 5.35%. Zillow reports mortgage rates weekly and is a valuable source of additional info on the real estate market.
The state you live can have a significant impact on your mortgage rates as lenders take local market history into consideration when making loans. States with high foreclosure rates and price volatility cause more challenges for lenders when establishing mortgage pricing.
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Zillow Interest Rate Monitor released yesterday the Best and Worst States for Mortgage Rates.
Georgia is the Best State for Mortgage Rates in the nation with a 5.14% for an average fixed rate 30 year mortgage. Washington is the 2nd Best State for Mortgage Rates with a 5.15% rate. The U.S. average rate is 5.23%.
Illinois is the Worst State for Mortgage Rates in the nation with its rate of 5.36% and Missouri is rated the 2nd Worst State in the nation at 5.35%. Zillow reports mortgage rates weekly and is a valuable source of additional info on the real estate market.
The state you live can have a significant impact on your mortgage rates as lenders take local market history into consideration when making loans. States with high foreclosure rates and price volatility cause more challenges for lenders when establishing mortgage pricing.
Average 30-yr. Average 30-yr.
Fixed Rate Fixed Rate
State Week ending 2/15/09 Week ending 2/08/09 % Change
Arizona 5.24% 5.39% -2.7%
California 5.20% 5.48% -5.1%
Colorado 5.28% 5.46% -3.2%
Connecticut 5.20% 5.37% -3.1%
Florida 5.19% 5.36% -3.2%
Georgia 5.14% 5.32% -3.2%
Illinois 5.36% 5.50% -2.6%
Maryland 5.33% 5.43% -1.8%
Massachusetts 5.31% 5.54% -4.2%
Michigan 5.27% 5.46% -3.4%
Missouri 5.35% 5.51% -2.8%
New Jersey 5.21% 5.42% -4.0%
New York 5.31% 5.60% -5.1%
North Carolina 5.26% 5.40% -2.7%
Oregon 5.16% 5.37% -3.8%
Pennsylvania 5.18% 5.34% -3.0%
Tennessee 5.33% 5.50% -3.1%
Texas 5.27% 5.43% -2.9%
Virginia 5.21% 5.38% -3.1%
Washington 5.15% 5.37% -4.0%
Source: Zillow.com
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Posted by Ed Kopko at 2/18/2009 6:48 AM 
Categories: Lifestyle, Georgia, Washington, Missouri, Retirement, Illinois
Categories: Lifestyle, Georgia, Washington, Missouri, Retirement, Illinois
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