Month: September 2012

U.S. Mortgage Rates Stay Near Record Lows

The average 30-year and 15-year mortgage rates remain close to record lows, this according to the latest results of Freddie Mac’s Primary Mortgage Market Survey. Last Sept. 6, Freddie Mac reported that the 30-year fixed-rate mortgage averaged at 3.55%, a decrease from last week’s average rate of 3.59%. Six weeks ago, the 30-year fixed-rate mortgage …

U.S. Mortgage Rates Stay Near Record Lows Read More »

One in Four U.S. Home Sales in 2Q 2012 are Foreclosure-Related Sales

According to RealtyTrac, foreclosure-related sales accounted for 23% of all U.S. residential sales during the second quarter of this year. RealtyTrac, which monitors foreclosed properties, reported that the foreclosure-related sales in the second quarter of 2012 climbed up from the 22% in the first quarter of this year and up by 19% from the same …

One in Four U.S. Home Sales in 2Q 2012 are Foreclosure-Related Sales Read More »