Pennsylvania mortgage rates decline
Mortgage rates in Pennsylvania declined during the past week, echoing a national trend sparked by the federal government’s decision to buy mortgage-backed securities.
Zillow Inc. reported the decline Tuesday. The Seattle-based real estate website in April launched the Zillow Mortgage Marketplace feature, which allows borrowers to anonymously request mortgage quotes.
The average 30-year fixed-rate mortgage for Pennsylvania fell to 5.51 percent for the week ended Nov. 30 from 5.88 percent the previous week.
Nationally, according to Zillow, rates for a 30-year fixed rate mortgage dipped to 5.53 percent from 5.92 percent. Mortgage rates posted the biggest decline in New York, dropping to 5.48 percent from 5.96 percent.
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Tags: Mortgage Rates