Mortgage rates at record lows
NEW YORK (CNNMoney) — Mortgage rates have hit a record low, making homes even more affordable for prospective buyers. According to mortgage backer Freddie Mac’s Primary Mortgage Market Survey, the average 30-year fixed rate loan fell to 4.15% this week — its lowest level in more than 50 years. Previously, the record low was 4.17%, [...] Read More >
Foreclosures fall for last 8 months
According to RealtyTrec, for the eighth straight month foreclosure filings have declined. In May, filings fell 33% from a year earlier and 2% month-over-month, according to the online marketplace of foreclosed properties. The number of homes that were repossessed (referred to as REOs or real estate-owned properties) in May also declined to 66,879, down 3.8% [...] Read More >
