Mortgage rates decline according to today's Zillow report

www.zillow.com/Mortgage_Rates/.

Report from Zillow.com

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.19 percent, down from 5.30 percent the week prior, according to the Zillow Mortgage Rate Monitor. 

                             Average Rate          Average Rate
    Mortgage Type       Week ending 8/23/09   Week ending 8/16/09     % Change
    ————-      ——————–  ——————–     ——–
    30-year fixed                 5.19%                   5.30%          -1.9%
    ————-                 —-                    —-           —-
    15-year fixed                 4.59%                   4.63%          -0.8%
    ————-                 —-                    —-           —-
    5-1 ARM                       4.17%                   4.22%          -1.2%
    ——-                       —-                    —-           —-
On Monday, rates for 30-year fixed purchase mortgages remained steady, with the average rate on Zillow Mortgage Marketplace at 5.18 percent. For current, up-to-the-minute rates, visit

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