MLS Real Estate & Listings Blog

Long-term mortgage rates this week were mixed, with the 30-year fixed rate falling and the 15-year rate rising, Freddie Mac reported today.

The average rate on 30-year fixed loans dipped from 5.87 percent to 5.85 percent, while the 15-year average rose from 5.27 percent to 5.34 percent. By contrast, a year ago the 30-year averaged 6.16 percent and the 15-year averaged 5.86 percent.  more…

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Re: ‘U.S. foreclosure starts hit new records‘ (March 6)

Dear Editor:

Unless I am mistaken, a 0.83 percent foreclosure rate is also a 99.7 percent NON-foreclosure rate. It would be interesting to know what percentage of the foreclosure rate is actually attributable to ARMs and what portion is in fixed-rate loans.  more…

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