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Finally, Some Exceptionally Good News About Foreclosures
Posted to: Around The Web
Wednesday, January 29, 2014 3:07 AM

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Real Estate analytics firm Core Logic announced Wednesday that there were a total of 620,111 foreclosures across the country in 2013, a 24% decline from 2012 when 820,000 homes were foreclosed upon. Despite the marked decline in the number of foreclosures year over year, foreclosure activity remains well above its normal rate of 21,000 foreclosures per month between 2000 and 2006. "Clearly, 2013 was a transitional year for residential property in the United States.” said Anand Nallathambi, president and CEO of CoreLogic. “We are turning a long-awaited corner.” As with the real estate market in general, the pace of foreclosure activity varied greatly depending on location. Florida lead the country with 118,906 foreclosures in 2013, while booming North Dakota

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Mortgage Rates:
  • 30 Yr FRM 3.77%
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  • 15 Yr FRM 3.05%
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  • Jumbo 30 Year Fixed 3.58%
MBS Prices:
  • 30YR FNMA 4.5 108-19 (-0-01)
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  • 30YR FNMA 5.0 110-18 (0-01)
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  • 30YR FNMA 5.5 111-25 (-0-03)
Recent Housing Data:
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  • Refinance Index 0.28%
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  • Purchase Index -7.02%