Mortgage Rates Sink to 3-Year Low; Fewest Foreclosures in 9 Years

Rates sink to record low. A basis point is one-hundredth of 1 percentage point. The mortgages in this week’s survey had an average total of 0.35 discount and origination points. One year ago, the mortgage index was 5.36 percent; four weeks ago, it was 4.59 percent.

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The average rate on a 15-year fixed rate mortgage is 3.13% (0.5 point) The average rate on a 5-year adjustable rate mortgage is 3.20% (0.5 point) That means that the 30-year fixed is still only seven basis points (one basis point = 0.01) above the year low for 2017 (set back on 9/7/17).

The 0.6 percent rate matches what it was in June 2007. The percentage of mortgages that are 30 to 59 days past due was 1.7 percent in March. Mortgages 60 to 89 days past due was 0.6 percent. Mortgages that are considered in "serious delinquency"-which is defined as being 90 days or more past due or in some stage of the foreclosure process-was at 1.9 percent.

Mortgage rates today, March 22, 2019, plus lock recommendations Home Business Talking Biz News Today – March 22, 2019. business; talking biz News Today – March 22, 2019. By. Katherine Doris – May 6, 2019. 5. 0.. mortgage rates hit 52-week low after Fed meeting, by. katherine doris-april 22, 2019. 0 – Advertisement –Mortgage Rates Creep Higher Despite Closed Markets Mortgage Refinance: What If Rate Drops After You Lock? – Mortgage Refinance: What If Rate Drops After You Lock? posted on September 22, Market fluctuates. Despite your best effort to figure out when to lock, the rate can still go lower after you lock. If the rate goes higher, you expect the lender to keep their promise and not renege the deal..

Wisconsin posted its fewest mortgage foreclosure filings in 18 years in 2018, reflecting a good economy and low unemployment. Courts in the state recorded 7,412 new foreclosure cases last year, a.

Washington’s economic woes are seen throughout Nevada, where the nation’s highest unemployment and foreclosure rates have combined to devastate. been kicked out of their homes because of an unpaid.

Mortgages 101: Three things you need to know about fixed vs. variable mortgage rates Mortgage Rates Thursday, March 16: Major Drop on Heels of Fed Hike A flurry of headlines reignited volatility this week including a Fed rate hike, retaliatory tariffs from China, a major data breach at Facebook, and a $1.3 trillion spending bill. Investors are increasingly anxious that protectionism threatens to upend the best period of global economic growth in a decade.A variable rate mortgage is one of the most common types of home loans in Australia, and is also one of the most competitive products for lenders.. A variable rate mortgage gives you flexibility and the ability to capitalise on changes in the economy that lower the interest rate which is several types of variable rate mortgages, including standard variable, discounted rate, and tracker rate.

NEW YORK (CNNMoney) — Mortgage rates have fallen to a new record low, according to Freddie Mac, and the stagnant economy is to blame. The 30-year fixed-rate mortgage dropped to an average of 3.67.

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I also don’t want to sink any more money into the place. It’s not worth it. My question is – how do I get out of this mortgage? Is foreclosure the only way. ve consolidated and locked in at a low.

Mortgage Rates Sink to 3-Year Low; Fewest Foreclosures in 9 Years. averaged 2.69 Fixed-rate mortgages averaged 3.58 Rates fuel fast Best home equity loan lenders for 2019 Looking for a low-rate home equity loan to cover your spending needs?. Contents Current home mortgage rates Home.

Last year, households’ net worth dropped by a record $10.9 trillion. Mortgage borrowing remained flat, after falling for the previous three quarters. Consumer credit, however, dropped at an annual.