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Foreclosed Real Estate Selling at a 17 Percent Discount
Posted to: Around The Web
Wednesday, January 30, 2013 3:23 AM

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Based on information from the December 2012 REALTORS® Confidence Index Survey, distressed (foreclosed and short sale) property sold at a 16-17 percent discount in December. The discount to market is affected by the property's physical condition. The unweighted average price discount for the period January-December 2012 is about 15 percent for houses in above average [...]

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Mortgage Rates:
  • 30 Yr FRM 3.68%
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  • 15 Yr FRM 2.84%
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  • Jumbo 30 Year Fixed 3.77%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (-0-06)
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  • 30YR FNMA 5.0 107-29 (-0-04)
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  • 30YR FNMA 5.5 108-15 (-0-03)
Recent Housing Data:
  • NAHB Builder Confidence 4.76%
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  • Refinance Index 2.80%
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