Mortgage rates were on the rise again, hitting 8-year highs in the week ending 17 th May, following the previous week’s hold, with mortgage applications continuing to fall through mid. in for a.
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For people who believe that maintaining the highest possible levels of home ownership is critical to the economic success of the country, I have more bad news: it’s likely that home ownership rates.
What Leads to Foreclosure? Foreclosure happens when you fall far enough behind on mortgage payments that. Just keep in mind that interest rates on these loans are typically very high, increasing.
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Foreclosure rates in North Port-Bradenton-Sarasota fell in May from the same time last year, according to the CoreLogic data. The report shows foreclosures represented 11 percent of all outstanding mortgage loans in the greater Sarasota area in May, a decrease from May 2011, when the rate was 12 percent.
The foreclosure rate in Florida, meanwhile, decreased by 2 percent from September and by 25 percent from a year ago. That was the 15th straight month with an annual decrease, and caused Florida’s foreclosure ranking — with one in every 444 homes in foreclosure — to fall from first to second place nationwide.
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Even as home delinquency rates hit record lows nationwide, some parts of Florida and Washington state saw a spike in the number of foreclosure starts in April. Across the country, the number of.
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