Friday, September 16, 2011

Misc: Record Low Mortgage Rates, Foreclosure Activity Up Sharply

"A couple of articles from earlier:
• From Freddie Mac: Fixed-Rate Mortgages Continue To Find New Record Lows
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed-rate mortgages remaining near their 60-year lows as ongoing investor concerns over the European debt market kept Treasury bond yields low. The 30-year fixed averaged 4.09 percent, a new all-time low. The 15-year fixed, a popular refinancing option, also reached a new record low for the week averaging 3.30 percent.
• From RealtyTrac: U.S. Foreclosure Activity Increases 7 Percent in August, Defaults Surge 33 Percent..."

at http://www.calculatedriskblog.com/2011/09/misc-record-low-mortgage-rates.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29