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And Frank Nothaft, Freddie Mac vice president and chief economist, attributed the drop to trouble in the real estate markets. "Mortgage rates were at or near all-time record lows this week amid a rough environment for housing," he said in a statement. "In its December 13th monetary policy announcement, the Federal Reserve reiterated the.
As of February, the number of mortgages that were past due by more than 30 days had dipped to a 19-year low for the month at 4%, and the foreclosure inventory rate was at a 20-year low at 0.4%. This is remarkable, considering how strong the residential real estate market was in the early 2000s before the recession hit in 2008.
· Foreclosure filings drop to five-year low in September. Fixed mortgage rates set record lows for second week.. Kaiser’s bitter contract talks could jeopardize its 20-year.
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the biggest drop since record keeping began in 1968, the National Association of Realtors said. Mortgage applications in the United States rebounded last week from a three-month low as consumers took.
Mortgage rates drop to record lows. Meanwhile, the 15-year fixed-rate mortgage averaged 5.21 percent, down from last week’s average of 5.26 percent, and hit the lowest level since Freddie Mac started tracking it in 1991. An average of 0.6 point was payable up front. A year ago, the 15-year FRM averaged 6.28 percent.
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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.
Hennessy is just one example of borrowers aiming to reduce their home loan payments or buy a home as a result of government actions to push mortgage rates to new lows. The average. banks on soured.
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Maybe because mortgage rates have been in a state of free-fall for the last year, and every week seems to offer the same story of new record lows. This week was no exception, as Freddie Mac reported that the average 30-year fixed rate is now at 4.19% and the average 15-year fixed rate was 3.62%.
· New York gets crushed in year of record lows. The Gap signed the largest long-term commercial lease of the year in September – a 20-year deal. The drop is the largest on record.