CHICAGO (MarketWatch) — Average rates on fixed-rate mortgages dropped this week. "With fixed mortgage rates staying near a record low, many homeowners are taking the opportunity to refinance,".
Yet even as housing conditions improve, mortgage interest rates remain near record-low levels. Rates on a 30-year. stages and faces obstacles, including foreclosure inventory yet to hit the market.
A total of 318,165 U.S. properties were scheduled for public foreclosure auction (the same as a foreclosure start in some states) in 2017, down 27 percent from 2016 and down from a peak of 1,600,593 in 2010 to a new all-time low going back as far as foreclosure auction data is available – 2006.
Foreclosure and delinquency rates continue to fall: CoreLogic Nationwide rates are at a 20-year low, but areas hit by natural disasters continue to struggle by Veronika Bondarenko
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The Zinths are wading back into a U.S. housing market where prices may fall further under the weight of foreclosures and not rebound until 2013, even as the economy builds momentum and mortgage rates.
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New Foreclosure Rate Surges to Record A record number of people started the foreclosure process in the April-to-June quarter, according to the Mortgage Bankers Association of America. The rate of.
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Mortgage Rates Again Drop to New Record-Lows Just how low can mortgage interest rates go? Lately it seems like there’s no bottom in site. For months now, rates have been falling to new record-lows week after week, and this week, they headed even lower.
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Mortgage rates dropped again this week, with the 15-year fixed-rate loan hitting a record low, according to a report from mortgage financier. the lowest level since September, from 5.08 percent, with points increasing to 0.48 from 0.44 (including the origination fee) for loans with 20 percent down payments.
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US foreclosure starts and completions. Given the recent weakness in the Greater Vancouver housing market, sales at 20 year lows and prices down by double digits, one would expect a sharp rise in consumer insolvencies and foreclosures, however that has not been the case. At least, not yet.
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The 8.9 percent year-over-year decline was the largest in the 20-year history of the index, as housing was pressured lower by a huge supply of homes for sale, rising foreclosures. rates,” he said.