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Mortgage Rates 12-04-17

By Chantelle Stein Updated on 12/4/2017

As indicated last week in Black Knight's Mortgage Monitor for September, August and September mortgage delinquencies have taken a huge leap in Texas and Florida due to the devastation from hurricane Harvey and Irma. Now updates in Octobers issue cover the increase of delinquencies in Puerto Rico, hit by Maria just a few weeks after. The October increase in delinquency rate is near doubling, from 5.9% in July to over 11% in October. That is estimated to be nearly 6% of homeowners being 30+ days delinquent. Black Knight concludes that the impact of Maria is likely to rise again in November and foreclosure moratorium and additional borrower programs are much needed to help affected home owners in Puerto Rico. 

 

Bookmark this page for mortgage rates:

 

• 30-year (FRM) rates at 4.00% (+0.02%)
• 15-year (FRM) rates at 3.34% (+0.02%)
• FHA 30-year Fixed rates at 3.60% (0.00%)
• Jumbo 30-year Fixed rates at 4.17% (+0.01%)
• 5/1 ARM rates at 3.21% (+0.01%)

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About The Author:
Chantelle Stein
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