CHICAGO, IL–(Marketwire -05/09/12)- The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78%. This improvement ends 2 quarters of increases that began in Q3 2011
Posts under ‘Debt Consolidation Quotes’
How to Compare Mortgage Rates and Lenders the Right Way!
503.698.5801 – GoNorthwestLoans.com If you are shopping for a home loan, you MUST know the right way to compare lenders, and how to choose the best rate/fee structure for your needs.
Video: Record Mortgage Rates: What to Do?
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79 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in First Quarter
MCLEAN, Va., May 8, 2012 /PRNewswire/ – Freddie Mac ( FMCC.OB ) released the results of its first quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. News Facts In the first quarter of 2012, 79 percent of homeowners who refinanced their first-lien home mortgage either maintained about the same loan amount or lowered their principal balance by paying-in additional money at the closing table. Of these borrowers, 58 percent maintained about the same loan amount, and 21 percent of refinancing homeowners reduced their principal balance; the share of borrowers that kept about the same loan amount was the highest in the 26-year history of the analysis
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