Foreclosure Rates Drop to Record 20-Year Lows
The share of mortgages is some stage of the foreclosure process fell to 0.4% in December – tying with the previous month for the lowest rate.
NEW YORK (CNNMoney) — Mortgage rates sunk to record lows again this week. The average rate on the 30-year fixed mortgage fell to 3.94%, matching the all-time low hit in early October, according.
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.
U.S. Foreclosure Activity Drops To 12-Year Low In 2017 But New York Foreclosure Auctions, New Jersey REOs Both at 11-Year High; Biggest Backlogs of Legacy Foreclosures in New York, New Jersey, Florida
The April 2019 foreclosure inventory rate tied the prior five months as the lowest. the share of mortgages that were past due in April falling to a record low rate.. This was the lowest rate for any month in more than 20 years.
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The mortgage loan delinquency rate fell by nearly a full percentage point year over year in February. Mortgage loan rates have also dipped.
Groundbreaking on new construction dropped 22.5 percent last month to an annual rate of 479,000. This was just above a record low set in April 2009 and way below the estimates of economists, who.
Nationwide, only 3.6 percent of homeowners fell into some sort of delinquency on. Home delinquency rates have reached a 20-year low, an indication that fewer. Foreclosure rates, in which the government seizes one's home due to. to record low delinquency rates – overall delinquency rates are at a.
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.. Record-breaking overnight.
Foreclosure Inventory Rate Drops to 20-Year Low The serious delinquency rate of 1.4% this March was the lowest for that month since 2006, when it was also 1.4%.
Mortgage rate commentator Barry Habib is making a bold prediction, arguing that rates will reach a new all-time record low, falling even below the weekly 3.31% seen in 2012.
The share of home mortgage loan payments that are 30 days or more past due fell to a 20-year low of 4% for the month of March, unchanged month over month and down from 4.3% in March 2018.