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November 2012 Archives

November 11, 2012

Mortgage delinquency rate drops in Colorado, nation

Mortgage delinquencies on residential properties in Colorado dropped in the third quarter of the year, keeping the state with one of the lowest rates nationally, a national banking association reported Thursday.

Coupled with a delinquency rate of 5.04 percent, the number of foreclosures started in the quarter fell to 0.57 percent, and the number of loans in foreclosure — 1.66 percent — also dropped.

Reported by: The Denver Post

November 18, 2012

Freddie Mac: Most refis don't shorten mortgage duration

Fixed mortgage rates averaged 3.55% for 30-year loans and 2.84% for 15-year loans, which was below long-term averages and the lowest quarterly averages recorded by the Freddie Mac primary mortgage market survey.

29% of borrowers who refinanced during Q3 shortened their mortgage. 68% of borrowers kept their same loan term.

And 3% of borrowers chose to extend their loan term.

Reported by: HousingWire

About November 2012

This page contains all entries posted to Eileen M. Carda in November 2012. They are listed from oldest to newest.

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