Monday, September 19, 2011

Morning Real Estate Review


Foreclosure notices surge in August (RealtyTrac) 1 in every 570 homes received a foreclosure filing in August, the largest percentage increase since mid 2007, though partly because the most recent numbers of foreclosure notices have been low, making August's numbers an anomaly for the year.

Mortgage applications tick up for the 1st week of September (Mortgage Bankers Assn) The average interest rate for a 30 year fixed loan dropped to 4.17%.

BofA may put Countrywide into bankruptcy (Mortgage News)

DC Metro area ranks as 13th best market in the country to buy a home (Hanley Wood) Despite a double dip in the market with a recent slowdown, DC still ranks strong among national markets.

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