Mortgage delinquency rate in South Florida dips, but remains high – South Florida Business Journal

Mortgage delinquency rate in South Florida dips, but remains high – South Florida Business Journal

Mortgage delinquency rates have declined almost every quarter since their peak of 7.21% in Q1 2010. We forecast this trend to continue in 2018 as serious mortgage delinquency rates reach the lowest level observed since 2005. Although rising interest rates are affecting refinancing, they are not hurting the overall mortgage market.

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This downturn follows a series of months where construction rates actually climbed. single-family home-building increased by 10 percent last month. Although the home building rate remains 70% below the decade’s peak in January 2006, this figure still represents more than 40% above the April 2009 bottom.

U.S. Average Mortgage Rate High, Flat At 4.94 Percent Arkansas Business November 15, 2018 U.S. Average Mortgage Rate High, Flat At 4.94 Percent 2018-11-15T14:42:00+00:00 Little Rock – NW Arkansas U.S. long-term mortgage rates were steady to slightly up this week, at their highest levels in nearly eight years and dampening home.

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Some of the wounds are still fresh. Delinquency rates may sound like a yawn, but they are a key. So here's the good news: The national delinquency rate on home. and required them to screen out high-risk borrowers – essentially.. gas explosion rocks South Florida mall, injuring more than 20 people.

The May foreclosure rate was actually higher than the foreclosure rate in the month of April. In April, one in every 182 Florida properties were in danger of falling into foreclosure. However, it should be noted that in South Florida saw fewer foreclosure this past May as compared with May of last year.

So, for the first time since 2008, there are fewer than 300,000 foreclosures in Florida’s courts. The Palm Beach Post reported earlier this week that the number of cases statewide dipped to 299,055 in August, a dip attributed to the fast track foreclosure law that went into effect July1.

Real Estate News. west coast, the scope of the storm's long-term effects are still coming into focus.. South Florida's uptick in early-stage mortgage delinquencies, “But there are a couple of places that buck that trend.. Overall foreclosure inventory rate in the U.S., or the share of homes in.. Business.

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