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Freddie Mac announced that in 10 of the last 11 weeks, the average 30-year fixed mortgage rate has matched or smashed a new record low. As of July 5, Freddie Mac’s Primary Mortgage Market Survey reveals that the average 30-year fixed mortgage rate has hit 3.62%, down from last week’s average rate of 3.66%. A …
The average 30-year fixed-rate mortgage in the U.S. is at record-low 3.66%, this according to the latest Freddie Mac’s Primary Mortgage Market Survey released last June 28. This is good news as the 30-year fixed-rate mortgage is the preferred choice of would be homebuyers. This record-low mortgage rate, however, is not within the reach of …
How to Secure a Mortgage Rate within the 3% Range Read More »
Freddie Mac’s latest Primary Mortgage Market Survey shows that the average U.S. 30-year fixed-rate mortgage is at record-low 3.66%. Freddie Mac, in its June 28 announcement, added that the 15-year fixed-rate mortgage is also at record-low 2.94%. A year ago, the 30-year fixed-rate mortgage averaged at 4.51%; while the 15-year fixed-rate mortgage last year averaged …
Mortgage Rates for 30-Year Loans at Record-Low 3.66% Read More »
Homeowners who were victims of foreclosure processing abuses could each receive up to $125,000 from mortgage lenders, this according to the Office of the Comptroller of the Currency (OCC) and the Federal Reserve. The OCC and the Federal Reserve are the two government agencies that oversee the Independent Foreclosure Review. This foreclosure review is different …
Homeowners to Collect Up to $125,000 as Compensation for Foreclosure Processing Abuses Read More »
Home sales that were in some stage of foreclosure or bank owned accounted for 26% of all U.S. home sales during the first three months of 2012, this according to the latest U.S. foreclosure sales report of RealtyTrac. This first quarter of 2012 distressed properties sales data is up from 22% in the preceding quarter …
Foreclosures Comprise 26% of U.S. Residential Sales in 1st Quarter of 2012 Read More »