Mortgages

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 …

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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 …

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Faced Foreclosure in 2009 or 2010? You may be Eligible for Compensation

If you suffered financial injury as a result of misrepresentations, errors, or other deficiencies in the foreclosure process between 2009 and 2010, then you may be eligible for compensation or other remedy from your mortgage servicer. Last April 13, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the …

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