The average interest rate for a 30-year fixed-rate mortgage fell below 5 percent last week, prompting many homeowners to investigate refinancing options, according to a report by real estate Web site Zillow.com.
For the week ended Jan. 11, the average 30-year rate in the United States was 4.92 percent, down from 5.10 percent the week before, according to the Zillow Mortgage Rate Monitor.
North Carolina experienced an almost identical drop, to 4.92 percent, from 5.09 percent.
Arizona had the lowest average rate last week at 4.80 percent, and Michigan had the highest, at 5.05 percent.
Seattle-based Zillow compiles rates quoted by 4,000 participating mortgage lenders to potential borrowers on its site.
If you are looking to sell or buy real estate, contact Team Freeman today!
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Aimee & Team Freeman
RE/MAX Executive Realty
http://www.teamfreemanrealestate.com/
888-278-4935
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