Tag: Big five banks see 41% drop in pre-foreclosures

Mortgage rates edge down slightly to 3.32%… Foreclosure filings down significantly

The average interest rate on a 30-year, fixed-rate mortgage for the week ending Dec. 13th declined to 3.32% from 3.34% a week earlier according to Freddie Mac. Comparatively, that is down from 3.94% a year ago. Big five banks see 41% drop in notices of default/notices of trustee sales Nationally, foreclosure filings fell 3% from …

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