Foreclosure Rates Drop to Record 20-Year Lows

The drop exceeded economists’ expectations. previously owned homes tumbled to an eight-month low in December. Separately, the Commerce Department said the homeownership rate dropped to a 20-year.

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The 30-year fixed-mortgage rate (FRM) dropped week-to-week nationally averaging 4.28%, according to Zillow Mortgage Marketplace’s weekly update. This is down 0.1% and a new record low according to.

Economists surveyed by Bloomberg News. to a 479,000 annual rate, the lowest level since April 2009, and construction permits slumped to a record low, Commerce Department figures showed last week.

Foreclosure rate falls to near 20-year low.. Foreclosures drop to lowest level in nearly 12 years.. New report shows that foreclosure starts hit record low in first half of 2016.

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 · The average rate for five-year adjustable-rate mortgages fell to 3.36% from 3.46% last week. The fee slipped to 0.3 point from 0.4 point.

Coupling the low foreclosure and delinquency rates with low transition rates, it looks like the mortgage market will remain steady, at least in the near term. Next Up In News. Bernie Sanders has a.

Edited Transcript of TCMD earnings conference call or presentation 6-May-19 9:00pm GMT

New-Home Sales Expected to Rise From Record Lows Sales of previously owned homes declined by less than 1 percent in February from January. Home Sales Flat Before Spring Buying Season

Fixed-rate loans are no longer priced at record lows, so you might be tempted to grab an adjustable-rate mortgage.. Some lenders advertise low interest rates but make up for them with high fees.. If home values drop even slightly, you’ll be unable to move or refinance without.

CHICAGO (MarketWatch) — Mortgage rates recently hit record lows, boosting affordability. the price of the assets should drop and that would drive mortgage rates higher, he said. Low rates will.

With record low interest rates, now is an excellent time to refinance your mortgage and consolidate some of your other debt into a home loan with a lower interest. Other types of debt such as car loans, credit card bills and school tuitions, typically have higher interest rates than home mortgages.

CHICAGO (MarketWatch) — Average rates on fixed-rate mortgages dropped this week. "With fixed mortgage rates staying near a record low, many homeowners are taking the opportunity to refinance,".