Foreclosures and home loan delinquencies fall to lowest level since 2007
The nation's foreclosure rate and the number of homeowners seriously delinquent on their home loans fell to the lowest rates since 2007, a new report from CoreLogic said.
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The nation's foreclosure rate and the number of homeowners seriously delinquent on their home loans fell to the lowest rates since 2007, a new report from CoreLogic said.
Average fixed mortgage rates were largely unchanged following a shortened week due to the Labor Day holiday and mixed economic signals prior to the Fed's meeting next week. Freddie Mac's Primary Mortgage Market Survey showed that rates on a 30-year fixed mortgage rose slightly, but stayed below 4 percent.
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Global market volatility has caused mortgage rates to fluctuate quite a bit in the past few weeks, and although rates have normalized to a certain extent, the volatility has put some potential mortgage borrowers on edge.
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