Archive for May 2010

Mortgage rates drop to lowest level this year

May 19th, 2010 | By Gregory Arzumanov | Category: Financial News

WASHINGTON May 20, 2010 Mortgage rates fell this week to the lowest level of the year, as rates fell on U.S. government securities. Fixed mortgage rates closely track interest rates paid on long-term Treasury bonds.
The average rate on a 30-year fixed rate mortgage dipped to 4.93 percent this week [...]



Fla. foreclosures dropped in April

May 19th, 2010 | By Gregory Arzumanov | Category: South Region

TALLAHASSEE, Fla. May 20, 2010 The number of Florida foreclosures fell in April from a year earlier, mirroring a national trend that indicates a slowing of defaults on mortgages, according to data released Thursday by RealtyTrac. Florida’s foreclosure fell 18 percent from March and was down 25 percent compared to April 2009. [...]