The stats are in & what do the stats mean for Raleigh Mortgage Rates? First to the numbers…a recent report that came on my radar today from RealtyTrac…it shared that banks filed foreclosures on roughly 205K houses in December 2011 Nationally. Yes, it is a lot however it is the lowest monthly total since November 2007.
The news even gets better…foreclosures for 2011 dropped nearly 35% from 2010.
Raleigh Mortgage Rates come from the Bond market…remember: bad economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and Raleigh Home Loan Rates improve, while strong economic & good news normally has the opposite result.
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