February’s foreclosure inventory fell to lowest rate since 1999

"Mortgage rates remained mostly unchanged this week, while mortgage applications rose 5.3% from the previous week.. New foreclosures fell to record low numbers in 2017.. February’s foreclosure inventory fell to lowest rate since 1999. May 15, 2019.

Reported at approximated 406,000, or 1.1 percent, of all homes with a mortgage, the April 2016 foreclosure inventory rate is the lowest for any month since September 2007.

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The foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, hit 0.7% in July. This is down from 0.9% last year, and the lowest since July 2007.

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February’s foreclosure inventory fell to lowest rate since 1999 It’s the best year for the housing market since 2007, before the economy fell off the cliff into the worst recession. set in 2006 – and to finance the purchase at the lowest interest rates in.

The percentage of loans in the foreclosure process at the end of the fourth quarter was 0.95 percent, down four basis points from the third quarter of 2018 and 24 basis points lower than one year ago..

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The current foreclosure rate of 1.5 percent is the lowest inventory level since March 2008. “The foreclosure rate fell in every state, with only the District of Columbia seeing a small increase,” Senior Economist Molly Boesel said.

February’s foreclosure inventory fell to lowest rate since 1999 Strong levels of employment and continued economic expansion drove February’s mortgage delinquencies and foreclosures to 20-year lows, according to CoreLogic.

 · Both August and September of this year experienced the lowest foreclosure inventory rate since June 2007 when it was also 0.6 percent, and the september foreclosure inventory rate was the lowest for the month of September in 11 years when it was 0.5 percent in September 2006. Fast FAQS:

According to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in Q1 of 2019. The report says that 61.4% of new and existing homes sold between the first of January to end ofRead More

Episode 7: Wise Cash - Investing in Foreclosures The inventory of existing homes for sale fell 4.9 percent to 1.74 million, the lowest level since December 1999. At the reported sales pace, that represents a 4.2 month supply of homes for sale.