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Loading ...Foreclosure filings still high Mortgage rates are the lowest in years Properties available coast to coast.
The numbers are in from last month and once again the number of foreclosures for sale is still high. The United States has now had 17 straight months where there were over 300,000 foreclosure filings on American properties. Right now 1 in every 397 homes in the US has been or is in the process of being foreclosed on. While home sales jumped slightly due to the $8,000 tax credit the government offered this spring, the market is still flooded by foreclosure listings. The flood may not be good for sellers, but for buyers this means low prices and low rates are now finally available together.
Now, mortgage rates are the smallest that they have been in years. Expect to pay just 4.32% for a 30 year fixed mortgage rate. The rate for a 15 year fixed mortgage rate is even lower at 3.83%, the lowest it has been in nearly 20 years. With the rates sinking, the choice to purchase one of the available foreclosures for sale means that you are not only saving the approximate 25% below market value forhome price, but you can also lock in historically low financing for the long term. No matter what Real Estate market you are looking in, foreclosures for sale will be available.
Once again, it is not one part of the country that has thousands of foreclosure listings. East to west and north to south foreclosure homes are available. Last month Nevada, Arizona, California, and Florida topped the list with the most foreclosure filings; however, Georgia and Maryland finished out on the top ten.
Foreclosures for sale are available in every state and city. It can seem over whelming too, if this is your first foreclosure purchase; however, we can make it easier for you. At FreeForeclosuresSale.com, we can sort the listings to help you find the properties that you are most interested in.
