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Bargain Homes Lure Buyers Worldwide to Detroit
Posted to: Around The Web
Tuesday, January 15, 2013 7:47 PM

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Bargain Homes Lure Buyers Worldwide to Detroit: Mortgages Businessweek Peter Grosso of Long Island, New York, paid about $90,000 for 29 Detroit homes at an auction for tax-delinquent properties last October. He's sure they'll sell at a profit within 10 years, while he rents them for income. Grosso is part of a Detroit land rush that's ...

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Mortgage Rates:
  • 30 Yr FRM 4.02%
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  • 15 Yr FRM 3.24%
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  • Jumbo 30 Year Fixed 4.20%
MBS Prices:
  • 30YR FNMA 4.5 106-30 (0-03)
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  • 30YR FNMA 5.0 108-11 (0-00)
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  • 30YR FNMA 5.5 108-30 (-0-01)
Recent Housing Data:
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  • Refinance Index -12.30%
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  • NAHB Builder Confidence 4.76%
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