Mortgage rates on 30-year fixed loans moved above 5% this week, according to a Freddie Mac report, up from 4.81% last week, reaching the highest level since April 2010. The home market is already up against a number of challenges — and now mortgage ra…
U.S. foreclosure filings rose 1% in January 2011 from December 2010, but were down 17% from a year ago.
Continue reading U.S. Foreclosure Filings Rose in January as Nevada Continues to Lead the Pack
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Las Vegas topped the U.S. foreclosure list for 2010. And while foreclosure activity increased from 2009 in most of the nation’s largest metropolitan areas, it actually decreased slightly in the worst hit cities.
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Nevada’s unemployment rate hit a new high in December 2010 — and with home prices continuing to fall, the beleaguered state’s problems are far from over.
Continue reading Nevada Unemployment: The Worst Gets Wo…
2010 was an especially tough year for homeowners, according to a year-end report from RealtyTrac. Many foreclosure proceedings, however, were stopped late in the year, which means that as many as a quarter million foreclosure f…