Month: March 2012

Tips on Increasing Your Chance of Landing a Mortgage

Today’s mortgage rates are the utmost come-on for would-be homebuyers. In its Primary Mortgage Market Survey released last Thursday, Freddie Mac reported that the 15-year fixed mortgage rate averaged a new all-time record low at 3.13%. Meanwhile, the 30-year fixed-rate mortgage averaged at 3.88%, the lowest rate in history. “With these historically low rates and …

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RealtyTrac Reports Shift Towards Short Sales and Away from Foreclosure Sales

In its 2011 Year-End U.S. Foreclosure Sales Report, the information provider RealtyTrac reports that in the national scale, pre-foreclosure sales – which are mostly short sales – increased by 15% from a year ago; while Real Estate Owned (REO) sales or sales of properties as a result of foreclosure decreased by 12%. In terms of …

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