Posted on Wednesday, 21st July 2010 by Christopher Allen
Ohio mortgage rates are lower than the national average rates that are once again hovering near record lows, according to mortgage rate Web site Zillow.com.
Zillow’s Mortgage Rate Ticker found that as of Tuesday, Ohio’s average rate on a 30-year, fixed mortgage was 4.38 percent, down from 4.46 percent at this time a week ago.
Nationally, the average 30-year, fixed rate mortgage was 4.39 percent, the lowest average since Zillow launched in April 2008.
Among states Zillow monitors, Massachusetts registered the largest increase, rising 15 basis points to 4.54 percent. New Jersey’s average rate showed the sharpest week-over-week drop, shedding 25 basis points to settle at 4.35 percent as of Tuesday.
New Mexico had the lowest average rate of 4.13 percent, while Nevada had the highest average rate at 5.03 percent.
Seattle-based Zillow compiles rates quoted by 4,000 participating mortgage lenders to potential borrowers on its site.
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Tags: Average, Mortgage Rates, National Average, Ohio Mortgage Rates
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