Georgia Mortgage Rates 2nd Lowest in US – Could Drive Home Sales

Georgia Mortgage Rates(reprinted from Atlanta Business Chronicle)

Georgia had the second-lowest 30-year fixed mortgage rates last week, according to real estate Web site Zillow.com

For the week ended Jan. 4, rates on 30-year fixed mortgages were lowest in Arizona (4.97 percent) and Georgia (4.99 percent), according to the Zillow Mortgage Rate Monitor.

For the second week in a row, Georgia was the state with the second-lowest average mortgage rate last week, according to real estate Web site Zillow.com.   Georgia’s average 30-year fixed-rate mortgage was at 4.81 percent for the week ending Jan. 11, compared with 4.99 percent for the week ending Jan. 4.

North Carolina saw the biggest increase in the average rate last week, increasing from 4.99 percent to 5.09 percent. Arizona had the lowest average rate at 4.97 percent, and Maryland had the highest, at 5.26 percent.