Zillow.com(R) Reports Traffic, Loan Request Surge on Zillow Mortgage Marketplace

Consumer Loan Requests Up 142 percent since November 2008; More than 60
percent of requests are for refinancing

SEATTLE, March 3 /PRNewswire/ -- Amidst the announcement of President Barack
Obama's housing plan, and with mortgage rates reaching historic lows, real
estate web site Zillow.com reports record-breaking traffic and loan request
activity within its free marketplace for custom mortgage quotes, Zillow(R)
Mortgage Marketplace.

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Over the past three months, as mortgage rates dropped to their lowest levels
in years, consumer interest in refinancing soared. More than 70,000 loan
requests were submitted from borrowers on Zillow Mortgage Marketplace in the
December through February time period, with the average number of daily loan
requests up 142 percent in this same period versus November 2008. Refinancing
requests accounted for more than 60 percent of all consumer loan requests over
this three-month period.

Meanwhile, increased consumer interest in refinancing and dropping home prices
resulted in a series of record traffic months for Zillow.com. February traffic
reached 7.9 million unique users, which is up 60 percent year-over-year.

"It's been fascinating to watch homeowners and potential buyers respond so
quickly to these record low mortgage rates and to the economic news of the
day. We saw borrowers react quickly when rates dove below 5 percent in early
February; loan requests rose 16 percent compared to the previous week," said
Lloyd Frink, Zillow president. "Likewise, when President Obama announced his
refinancing plan in late February, loan requests rose 56 percent over the
average daily rate and remained at higher levels for several days, even though
there was no movement in rates. Clearly, homeowners, and those seeking
mortgages, were interested in what this plan could mean for them."

Zillow Mortgage Marketplace is the new business arm of Zillow that aims to
transform the process of obtaining a mortgage and finding the best rates by
adding transparency and competition to an area that hasn't before existed.
Borrowers can shop for loans anonymously and get an unlimited number of real
customized rates directly from lenders within this open and free marketplace.
On average, each consumer loan request receives 14 customized loan quotes from
lenders, with the first quote coming within seconds.

Interactive mortgage rate charts show the most current mortgage rates being
offered on Zillow Mortgage Marketplace, making it easy for borrowers to see
when rates drop and get a sense of a rate they may be able to lock in.

About Zillow Mortgage Marketplace
Zillow Mortgage Marketplace is a free, open, and transparent lending
marketplace, where borrowers connect with lenders to find loans and get the
best mortgage rates. Borrowers anonymously submit loan requests and receive
an unlimited number of custom mortgage quotes with real rates directly from
thousands of competing lenders. Zillow Mortgage Marketplace also provides
mortgage calculators, mortgage advice, mortgage widgets, and lender
directories.

Zillow.com and Zillow are registered trademarks of Zillow, Inc.

SOURCE Zillow.com

Jill Simmons of Zillow.com, +1-206-757-2794, press@zillow.com