By: Stan Humphries VP, Data & Analytics | October 8, 2008
In the presidential debate last night, John McCain referenced his new plan to help alleviate problems in the real estate sector (that have since cascaded into the mortgage market and now the wider credit market). Essentially, McCain’s plan means that the government would purchase qualifying loans from the banks (at the cost of the […]
By: Katie Curnutte PR Manager | October 7, 2008
I was a little surprised to hear it, but U.S. adults who are in the market for a new home, or who plan to be in the market soon, are most concerned about interest rates.
Interest rates were most often cited as a financial worry by U.S. adults who plan to buy a home within the […]
By: Katie Curnutte PR Manager | September 30, 2008
With the world’s financial markets in so much turmoil this week, mortgage rates are bound to be affected. Aside from keeping track of rates in our live rate tables in Zillow Mortgage Marketplace, we’re keeping a close eye on weekly rates with our Zillow Mortgage Rate Monitor.
It looks like rates were on the rise last […]
By: Katie Curnutte PR Manager | September 23, 2008
If you’re a regular visitor to Zillow.com, you’ve probably come across our Zillow Mortgage Marketplace, where lenders send out thousands of real rate quotes to anonymous borrowers every day. All of that activity provides us with a lot of data — namely, real mortgage rates, quoted in real time.
We know how difficult it is to […]
By: Drew Meyers Business Development Specialist | September 22, 2008
From the Bears Stearns fallout to the government takeover of Freddie Mac and Fannie Mae to the buyout of AIG to the recent bailout proposal, everyone seems to want to talk about the economy — and members of the Zillow community are no different. Just look at these recent threads:
Oil up $25 today
Treasury’s Plan is […]
By: Diane Tuman Content Manager | September 18, 2008
Having a hard time grokking the depth of loss in the current Wall Street crisis? Me too. Fortunately, a developer here sent me a treemap by the NY Times, which graphically represents the financial crisis. Mouse over any square to see the market capitalization for 29 financial firms on Oct. 9, 2007, as compared to […]
By: Whitney Tyner PR Coordinator | September 12, 2008
Everyone at Zillow (and maybe across the country) seems to be stuck on mortgages. With the launch of Mortgages Unzipped on Wednesday, the Zillow team is drinking the jumbo loan Kool-Aid and dreaming of APR’s, mortgages rates, a mortgage blog, mortgage help…the list goes on and on. TGIF. Heck, with all this press, Fannie and […]
By: David Gibbons Director of Community Relations | September 10, 2008
If you think that Fannie and Freddieare the mortgage story of the week, I hope that you’re sitting down. OK, maybe Fannie & Freddie are the big news of the week but while the long-term impact of the fed’s takeover is up for debate, I have no doubt that Mortgages Unzipped, a new blog about […]
By: Mary Miller Director, Product Management, Mortgages | September 8, 2008
With yesterday’s news of the government takeover of Fannie Mae and Freddie Mac, there is a lot of speculation that mortgages rates will go down.
What have we seen on Zillow Mortgage Marketplace? Rates have taken a big dive downward today, with the national rate for a 30-year fixed mortgage at 5.75%. Last week’s national average […]
By: Mary Miller Director, Product Management, Mortgages | September 2, 2008
Mortgage rates on Zillow Mortgage Marketplace have dipped in the past few weeks to an average low of 6.21% for a 30-year fixed mortgage. The current average rate for a 15-year fixed mortgage is even lower at 5.80%, while the rate for a 5/1 adjustable rate mortgage is 5.69%. Compared to the middle of last month, when the rate for […]
