March 19, 2015

March 19, 2015

March is ‘divorce month:’ Here’s the reason why – It’s not that things get out of hand on St. Patrick’s Day, sending couples straight to the courthouse. Rather, the process seems to be more deliberate, at least in one firm’s experience.

U.S. Foreclosure Activity at Lowest Levels Since 2006 – According to RealtyTrac’s U.S. Foreclosure Market Report for February 2015, foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 101,938 U.S. properties in February, a decrease of 4 percent from revised January numbers and down 9 percent from a year ago to the lowest level since July 2006. The report also shows a U.S. foreclosure rate of one in every 1,295 housing units with a foreclosure filing in February.

Average 30-year mortgage rate falls to 3.78% – Average long-term U.S. mortgage rates fell this week, remaining near historically low levels at the start of the spring home-buying season.

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MEDIATOR OF THE MONTH: Jeffrey Grayson
March 19, 2015