United States mortgage rates are falling steadily and have reached the lowest level in over a month just after the International Monetary Fund had investors heading for the safety of U.S. government bonds. According to a statement made on Thursday by Freddie Mac (FMCC:US), the average 30-year fixed mortgage rate decreased to 4.12 percent from last week’s 4.19 percent. Additionally, the average … [Read more...]
8.12 percent of New Jersey mortgages in foreclosure process
The Mortgage Bankers Association on Thursday said that about 8.12 percent of mortgages were in the foreclosure process in New Jersey. With this development, New Jersey has surpassed Florida with the highest share of mortgages in foreclosure process in the United States in the first quarter as delinquencies nationally fell to pre-crisis levels. Michael Fratantoni, chief economist for the … [Read more...]