Merry Christmas!
Historic Low Mortgage Rates - Refi or Buy - Now’s the Time!

RISMEDIA, Dec. 24, 2008-Mortgage rates remained low last week and many states saw sub-5.00% rates for the first time in recent history. The weekly average rates for 30-year fixed mortgages declined to 4.96%, down from 5.15% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate website Zillow.com(R). Rates for 15-year fixed mortgages decreased to 4.91%, down from 5.00% and 5-1 adjustable rate mortgages decreased significantly to 5.54% from 5.94%.

Mortgage Type Average Rate Average Rate % Change
Week ending 12/21/08 Week ending 12/14/08
30-year fixed 4.96% 5.15% -3.7%
15-year fixed 4.91% 5.00% -1.8%
5-1 ARM 5.54% 5.94% -6.7%

Rates for 30-year fixed mortgages remained fairly steady on Monday evening with the average rate on Zillow Mortgage Marketplace at 5.11%.

At a state level, the 30-year fixed mortgage rate in Arizona had the biggest decrease, falling from 5.22% to 4.40%. Rates on 30-year fixed mortgages were lowest in the states of Georgia (4.87%) and Texas (4.88%), while Illinois (5.07%), Maryland (5.05%) and New York (5.05%) had the highest rates.

The Zillow Mortgage Rate Monitor is compiled each week using thousands of mortgage rates quoted on Zillow Mortgage Marketplace by mortgage lenders to borrowers who have submitted loan requests. State-level data is gathered for the top 20 states with the highest quote volume on Zillow.

Zillow Mortgage Marketplace is an open and transparent lending marketplace, providing borrowers an anonymous and hassle-free way to receive an unlimited number of customized mortgage quotes directly from confirmed lenders.

For more detailed rate charts and data, as well as choices of mortgage calculator, please visit www.zillow.com/mortgage.

For local lender referrals, please contact me and I’ll be happy to give you trusted professionals right here in Charlottesville VA who will help you get a terrific mortgage rate for your refinance or purchase mortgage.  If you refi, please be sure to contact me about a complete package to include a proven debt reduction system.

If you or anyone you know is thinking about buying, selling, or investing in real estate, please let me know … I value referrals and do them nationwide!  Or if you know someone who’d like to pay off their mortgage in a fraction of the time, please let me know!

Merry Christmas!

THANK YOU!
Cynthia Hash, Realtor/SRES/GRI, Keller Williams Realty
FULL SERVICE REALTOR .. www.FindHomesInCharlottesville.com
WANT TO PAY OFF YOUR HOUSE? .. www.PayOffYourHome.org 
ALWAYS WANTED A LOG HOME? .. www.CedarLogStructures.net
GET HELP THRU CAREGIVERS LIBRARY .. www.AgingYourWay.org
Ofc: 300 Preston Avenue, Suite 500, Charlottesville, VA 22902
Dir: (434) 220-2251 — Cell: (434) 531-5351
Fax: (801) 681-0286 — Email:  hash@kw.com
Matthew 7:12 is NAR Golden Rule