The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased 10 basis points last week to 4.87 percent, down from 4.97 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Rates for 15-year fixed mortgages fell six basis point to 4.32 percent from 4.38 percent, and 5-1 adjustable rate mortgages fell seven basis points to 3.80 percent, from 3.87 percent the week prior.

The volume of mortgage requests last week fell 9.6 percent from the prior week. Of last week's requests, 45 percent were for refinance loans, 53 percent were for purchase loans and 2 percent were for home equity loans. The prior week, 47 percent of requests were for refinance loans, 51 percent were for purchase loans and 2 percent were for home equity loans.

UniPhunk Phridays Party at LEVEL

Another big event for the season, the E! Channel invades our Phriday of Phunk as KidKris comes hot off the decks at Manor for a late night session at LEVEL. You must come ready with your password/rsvp, as admission to the public will be closed most of the night otherwise.

Come early for the exclusive fashion show and stay late for the KidKris show for the 1st time ever at LEVEL.

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