ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/31/2012

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/31/2012

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

I hope you have an awesome day, packed with smiles while searching for your active Mobile AL Real Estate Dream.

Mortgage rates eased this week, reversing three consecutive weeks of increases, as Federal Reserve policymakers weighed further stimulus measures that could include additional purchases of mortgage-backed securities that fund most U.S. mortgage loans.

Rates for 30-year fixed-rate mortgages averaged 3.59 percent with an average 0.6 point for the week ending Aug. 30, down from 3.66 percent last week and 4.22 percent a year ago, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.

For 15-year fixed-rate mortgages, a popular refinancing option, rates averaged 2.86 percent with an average 0.6 point, down from 2.89 percent last week and 3.39 percent a year ago.

Rates on 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans averaged 2.78 percent with an average 0.6 point, down from 2.80 percent last week and 2.96 percent a year ago.  For 1-year Treasury-indexed ARM loans, rates averaged 2.63 percent with an average 0.4 point, down from 2.66 percent last week and 2.89 percent a year ago.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

The Federal Reserve, which wound down a program in 2010 that kept mortgage rates low by buying up $1.25 trillion in mortgage-backed securities (MBS) guaranteed by Fannie Mae and Freddie Mac, is currently reinvesting principal payments on its $1 trillion holdings in Fannie and Freddie debt and MBS into agency-backed MBS.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

At an annual economics symposium in Jackson Hole, Wyo., where Fed Chairman Ben Bernanke announced “QE2” in 2010, Dennis Lockhart, the head of the Federal Reserve Bank of Atlanta, told Reuters that it will be a close call as to whether further asset purchases are needed to boost the economy.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

When members of the Fed’s Open Market Committee meet next Sept. 12-13, the question will be how much benefit such a move would provide, and what the costs would be in both the short and longer run, Lockhart said.

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL- 08/23/2012

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/23/2012

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

I hope you have an awesome day, packed with smiles while searching for your active Mobile AL Real Estate Dream.

Home prices post strongest growth since 2006 with July inventory down 24 percent from a year ago. Demand for homes grew faster than the inventory of homes for sale in July, helping push the national median price of existing homes up for the fifth month in a row despite a modest increase in sales that fell short of some analysts’ expectations.

The National Association of Realtors said today that the national median price of existing homes was up 9.4 percent from a year ago in July, to $187,300 — the strongest annual gain since January 2006. The last time the national median home price posted five consecutive months of annual gains was January to May of 2006.

Sales of existing homes — resales of single-family homes, townhomes, condominiums and co-ops — were up 2.3 percent from June to July, to a seasonally adjusted annual rate of 4.47 million. That’s a 10.4 percent increase from a year ago.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

“Mortgage interest rates have been at record lows this year while rents have been rising at faster rates,” said NAR Chief Economist Lawrence Yun in a statement. “Combined, these factors are helping to unleash a pent-up demand.”

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Although the number of existing homes on the market was up 1.3 percent from June to July, to 2.4 million, that represents a 6.4-month supply of homes at July’s faster pace of sales, down from 6.5 months of supply in June. And looking back a year, listing inventories were down 23.8 percent, when there was a 9.3-month supply of existing homes for sale.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Analysts generally consider a six-month supply of existing homes to be a healthy balance of supply and demand. More than that indicates that sellers significantly outnumber buyers, which puts downward pressure on prices.

Although first-time buyers accounted for 34 percent of purchases in July, up from 32 percent in June, in a normal market they account for 40 percent of purchases, NAR said.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/21/2012

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/21/2012

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

I hope you have an awesome day, packed with smiles while searching for your active Mobile AL Real Estate Dream.

Mortgage lenders would have to give consumers the option of a no-point, no-fee loan under proposed rules put forward by the Consumer Financial Protection Bureau with the intention of helping consumers understand mortgage costs and comparison shop. The proposed rules would require that lenders provide an interest-rate reduction when consumers elect to pay upfront points or fees.

In its latest proposal, the CFPB is backing down from a plan to ban origination points that vary with the size of the loan. In May, the bureau said origination points are easily confused with discount points, and that it was considering allowing lenders to charge only flat origination fees. The new rules would still prohibit the payment of incentives to mortgage loan originators for steering borrowers into higher-priced loans.

Dodd-Frank places certain restrictions on the points and fees offered with most mortgages and the qualification and compensation of loan originators. Without the proposed rule-making, Dodd-Frank would prohibit payment of upfront points and fees for most mortgages, even when consumers prefer a loan with a lower interest rate and some upfront costs, the CFPB said.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

In a statement, the Mortgage Bankers Association said it “applauds the bureau’s efforts to protect borrowers by eliminating steering, and the proposed rule appears to be a good step in that direction.

Consumers benefit from a vibrant and competitive mortgage market with a diversity of players, and this rule, as it relates to loan originator qualification and screening, should ensure a level playing field for originators, regardless of business model.”

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Last week, the CFPB said it also intends to require lenders to provide home loan applicants with copies of written appraisals and other home value estimates developed in connection with their loan application.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Another proposed rule that would establish new appraisal requirements for higher-risk mortgages would require lenders to obtain an additional appraisal at no cost to the consumer if the seller acquired the property for a lower price during the past six months.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/20/2012

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/20/2012

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

I hope you have an awesome day, packed with smiles while searching for your active Mobile AL Real Estate Dream.

Housing starts, though dipping 1.1 percent in July from June, were up 14.2 percent on a year-over-year basis, continuing a steady upward trend. July groundbreakings were at a seasonally adjusted annual rate of 746,000, down from June’s adjusted rate of 754,000, but up from July 2011’s rate of 614,000, according to the latest numbers from the Census Bureau.

Single-family housing starts were down 6.5 percent from June to July, to a seasonally adjusted rate of 502,000, but still a 17 percent increase from a year ago and 42 percent above their March 2009 bottom of 353,000.

July also saw the most single-family construction permits filed by builders (513,000) since August 2008, according to the National Association of Home Builders.

Housing starts have been rising on an annual basis since September 2011 and are now 56 percent above their trough in April 2009 — 478,000 — according to census records dating back to January 1959.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

The sustained housing-start improvement over the last several months “confirms that recent previous increases are part of a sustained trend, not a temporary blip,” said Jed Kolko, chief economist and head of analytics at real estate search portal Trulia.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Calculated Risk’s Bill McBride credits the lack of new construction during the housing downturn with helping spur a recovery this year. “The record low level of completions over the last four years — and record low level of housing units added to the housing stock — is an important reason for the budding recovery in housing,” McBride wrote in a blog post.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

“The last four years have seen record low completions, and 2012 will also be very low. This low level of completions means that a significant portion of the excess vacant housing supply has been absorbed. And completions in 2012 will still be very low even with the 20-plus percent increase in housing starts.”

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL- 08/16/2012

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/16/2012

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ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

I hope you have an awesome day, packed with smiles while searching for your active Mobile AL Real Estate Dream.

Before the housing bubble burst, Anthony Ugaro lived across from a country club. But the good life began to unravel for Ugaro, 65, when the military veteran lost his job at an electronics company in 2009. Soon after, he was diagnosed with heart disease, which hampered his ability to work and to keep up with mortgage payments.

Ugaro said he first applied for a mortgage modification under HAMP about a year ago. Wells Fargo told him that his household did not earn enough monthly income to qualify, he said, so Ugaro, who has six stents in his heart, got a part-time job as a crosswalk guard that he said paid $324 a month.

He then reapplied for a modification, but said he was confounded by the bank’s response: “They said, ‘Now you’re making too much.  He is one of an estimated 2.8 million distressed borrowers who have been denied a permanent modification under HAMP.  HAMP has not been adequately implemented by mortgage servicers.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

The Ugaros’ story is a reflection of the still-marred HAMP application process more than three years after the program’s inception . Overseen by the Treasury Department and funded by the Troubled Asset Relief Fund, HAMP was launched in 2009 to provide relief to a wide swath of homeowners facing foreclosure in the wake of the housing bust.

The program is designed to lower monthly mortgage payments for distressed borrowers by either reducing interest rates, delaying payments, slashing loan balances or using some combination of the three.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Since the Obama administration introduced HAMP,  only about 1 in 4 applicants have received a permanent modification.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

According to the Government Accountability Office, 2.8 million have had their applications denied or their trial modification canceled. To date, a little more than 1 million have received a permanent modification — but the program was aiming to have helped three to four times that.

DANGER!!! DANGER!!! DO NOT CALL THE Agent on the sign – CALL A SEASONED BUYER’S AGENT INSTEAD!

DANGER!!! DANGER!!! DO NOT CALL THE Agent on the sign – CALL A SEASONED BUYER’S AGENT INSTEAD!

Alabama is one of those states that holds buyers responsible for due diligence. In a nutshell, buyers should make every effort to investigate issues of importance to them and not rely on others to do what they should have done to fully investigate a situation to their satisfaction. Seems intimidating? It can be without the use of a sworn Buyer’s Agent such as myself.

You wouldn’t — for a lot of good reasons — go into a contested divorce proceeding without an attorney, or worse, take the advice of your spouse’s attorney.Why, then, would you buy a home — an adversarial process regardless of how friendly everyone involved in the transaction seems — without someone on your side? Oh, you think home buyers have always had representation? Well, think again. As a buyer, you are not represented unless you’ve told the real estate agent who is showing you homes that you want that agent to represent you as your “buyer agent.” If you haven’t, “your agent” could be representing the seller. If the agent is representing the seller, you could be making a costly mistake, possibly not receiving the best price, lack of professional negotiation expertise, and leaving yourself wide open for later regret.

Recently, more home buyers have been asking, “Who represents whom?” As a result, many are opting to be represented by a buyer’s agent to take them through the process, from house hunting to closing. The greatest thing about this is it doesn’t cost the buyer anything and often saves them thousands. Why choose a buyer’s agency? While any agent will arrange property showings, suggest sources of financing, provide accurate information, explain the forms and agreements, and monitor the entire process, only a Full Representation and Single Sided Buyer’s agent is able to perform services for you that a Full Representation and Single Sided Seller’s Agent cannot; such as show you reasons not to buy a particular property; negotiate the best price and terms for you; include contingencies in the contract that protect you, rather than the seller as in most contracts; and keep confidential any information that could hurt your bargaining position with the seller.

For the last 5+ years, I have made it my mission to be a Buyers Agent, where I work for you and you only! I decline and avoid Dual Agency as part of my day to day operations, referring these situations out to trusted colleagues different brokerages. Yes, I am a Realtor® that will sacrifice money in order to uphold my Code of Ethics. You cannot afford to not have me on your side, working for only you in the transaction. it has become my opinion, though years of experience that it is impossible for a Realtor® to represent both sides of the transaction. Confidential information cannot be shared between the parties, but the agent is still aware of these little tidbits of information. The knowledge influences the decisions and the forthcoming advice to you or the seller.

In short, hire a Buyer’s Agent today and protect yourself.

DANGER!!! DANGER!!! DO NOT CALL THE Agent on the sign – CALL A SEASONED BUYER’S AGENT INSTEAD!

DANGER!!! DANGER!!! DO NOT CALL THE Agent on the sign – CALL A SEASONED BUYER’S AGENT INSTEAD!

DANGER!!! DANGER!!! DO NOT CALL THE Agent on the sign – CALL A SEASONED BUYER’S AGENT INSTEAD!

Alabama is one of those states that holds buyers responsible for due diligence. In a nutshell, buyers should make every effort to investigate issues of importance to them and not rely on others to do what they should have done to fully investigate a situation to their satisfaction. Seems intimidating? It can be without the use of a sworn Buyer’s Agent such as myself.

You wouldn’t — for a lot of good reasons — go into a contested divorce proceeding without an attorney, or worse, take the advice of your spouse’s attorney.Why, then, would you buy a home — an adversarial process regardless of how friendly everyone involved in the transaction seems — without someone on your side? Oh, you think home buyers have always had representation? Well, think again. As a buyer, you are not represented unless you’ve told the real estate agent who is showing you homes that you want that agent to represent you as your “buyer agent.” If you haven’t, “your agent” could be representing the seller. If the agent is representing the seller, you could be making a costly mistake, possibly not receiving the best price, lack of professional negotiation expertise, and leaving yourself wide open for later regret.

Recently, more home buyers have been asking, “Who represents whom?” As a result, many are opting to be represented by a buyer’s agent to take them through the process, from house hunting to closing. The greatest thing about this is it doesn’t cost the buyer anything and often saves them thousands. Why choose a buyer’s agency? While any agent will arrange property showings, suggest sources of financing, provide accurate information, explain the forms and agreements, and monitor the entire process, only a Full Representation and Single Sided Buyer’s agent is able to perform services for you that a Full Representation and Single Sided Seller’s Agent cannot; such as show you reasons not to buy a particular property; negotiate the best price and terms for you; include contingencies in the contract that protect you, rather than the seller as in most contracts; and keep confidential any information that could hurt your bargaining position with the seller.

For the last 5+ years, I have made it my mission to be a Buyers Agent, where I work for you and you only! I decline and avoid Dual Agency as part of my day to day operations, referring these situations out to trusted colleagues different brokerages. Yes, I am a Realtor® that will sacrifice money in order to uphold my Code of Ethics. You cannot afford to not have me on your side, working for only you in the transaction. it has become my opinion, though years of experience that it is impossible for a Realtor® to represent both sides of the transaction. Confidential information cannot be shared between the parties, but the agent is still aware of these little tidbits of information. The knowledge influences the decisions and the forthcoming advice to you or the seller.

In short, hire a Buyer’s Agent today and protect yourself.

DANGER!!! DANGER!!! DO NOT CALL THE Agent on the sign – CALL A SEASONED BUYER’S AGENT INSTEAD!

DANGER!!! DANGER!!! DO NOT CALL THE Agent on the sign – CALL A SEASONED BUYER’S AGENT INSTEAD!

DANGER!!! DANGER!!! DO NOT CALL THE Agent on the sign – CALL A SEASONED BUYER’S AGENT INSTEAD!

Alabama is one of those states that holds buyers responsible for due diligence. In a nutshell, buyers should make every effort to investigate issues of importance to them and not rely on others to do what they should have done to fully investigate a situation to their satisfaction. Seems intimidating? It can be without the use of a sworn Buyer’s Agent such as myself.

You wouldn’t — for a lot of good reasons — go into a contested divorce proceeding without an attorney, or worse, take the advice of your spouse’s attorney.Why, then, would you buy a home — an adversarial process regardless of how friendly everyone involved in the transaction seems — without someone on your side? Oh, you think home buyers have always had representation? Well, think again. As a buyer, you are not represented unless you’ve told the real estate agent who is showing you homes that you want that agent to represent you as your “buyer agent.” If you haven’t, “your agent” could be representing the seller. If the agent is representing the seller, you could be making a costly mistake, possibly not receiving the best price, lack of professional negotiation expertise, and leaving yourself wide open for later regret.

Recently, more home buyers have been asking, “Who represents whom?” As a result, many are opting to be represented by a buyer’s agent to take them through the process, from house hunting to closing. The greatest thing about this is it doesn’t cost the buyer anything and often saves them thousands. Why choose a buyer’s agency? While any agent will arrange property showings, suggest sources of financing, provide accurate information, explain the forms and agreements, and monitor the entire process, only a Full Representation and Single Sided Buyer’s agent is able to perform services for you that a Full Representation and Single Sided Seller’s Agent cannot; such as show you reasons not to buy a particular property; negotiate the best price and terms for you; include contingencies in the contract that protect you, rather than the seller as in most contracts; and keep confidential any information that could hurt your bargaining position with the seller.

For the last 5+ years, I have made it my mission to be a Buyers Agent, where I work for you and you only! I decline and avoid Dual Agency as part of my day to day operations, referring these situations out to trusted colleagues different brokerages. Yes, I am a Realtor® that will sacrifice money in order to uphold my Code of Ethics. You cannot afford to not have me on your side, working for only you in the transaction. it has become my opinion, though years of experience that it is impossible for a Realtor® to represent both sides of the transaction. Confidential information cannot be shared between the parties, but the agent is still aware of these little tidbits of information. The knowledge influences the decisions and the forthcoming advice to you or the seller.

In short, hire a Buyer’s Agent today and protect yourself.

DANGER!!! DANGER!!! DO NOT CALL THE Agent on the sign – CALL A SEASONED BUYER’S AGENT INSTEAD!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/13/2012

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/13/2012

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL– 08/13/2012list has been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR visit http://www.PropertiesInMobileAL.com/search

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

These are Single Family Homes ‘Active’ on the Mobile AL MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

I hope you have an awesome day, packed with smiles while searching for your active Mobile AL Real Estate Dream.

While housing has been a bright spot for the economy lately, the General Public should not expect runaway growth anytime soon, according to panelists at today’s Real Estate Connect conference in San Francisco.

“I think the market we have today is going to be a market that is going to be somewhat sustained,” said Joel Singer, executive vice president of the California Association of REALTORS®. “Time is important, if for no other reason than personal balance sheets get healed. There will be growth in the next couple of years, though it’s obviously not going to be dynamic.”

Housing will be one of the better sectors of the economy, Singer said, but he cautioned that the economy as a whole was at risk in the next six months. Calling the downturn “financially created,” he said a revamp of the financial system was in order. “I think we have to be very, very concerned about the policy issues,” Singer said. In particular, he noted that some 95 percent of mortgages originated are owned or guaranteed by the federal government.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Patrick Stone, president and CEO of Williston Financial Group, said that uncertainty surrounding two controversial regulations — the qualified mortgage (QM) and the qualified residential mortgage (QRM) — is an impediment to the development of a private secondary mortgage market.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

QM would establish standards for borrowers’ “ability to pay” the mortgages they seek, while QRM would establish certain baseline standards for safe underwriting and require lenders to retain a 5 percent minimum ongoing stake in any loans they originate that don’t meet QRM requirements.

The regulations are under the aegis of the Consumer Financial Protection Bureau (CFPB), which recently postponed action on both rules after protests from REALTORS®, builders, banks, unions and consumer groups.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

The bureau needs to define exactly how the regulations will work, the debt-to-income and loan-to-value ratios that will be allowed, and FICO score requirements, he added.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL- 08/11/2012

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 08/11/2012

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL– 08/11/2012list has been posted.

CLICK HERE FOR YOUR PERSONALIZED REPORT OF ACTIVE REAL ESTATE FORECLOSURES

OR visit http://www.PropertiesInMobileAL.com/search

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

These are Single Family Homes ‘Active’ on the Mobile AL MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

I hope you have an awesome day, packed with smiles while searching for your active Mobile AL Real Estate Dream.

Mortgage rates have moved higher off of record lows for the second consecutive week amid signs that the U.S. job market is stabilizing, according to a weekly survey by Freddie Mac.

Reuters reported.

 

For 30-year fixed-rate mortgages, rates averaged 3.59 percent with an average 0.6 point for the week ending Aug. 9, up from 3.55 percent last week but down from 4.32 percent a year ago, according to Freddie Mac’s Primary Mortgage Market Survey. Rates on 30-year fixed-rate mortgages hit an all-time low in Freddie Mac records dating to 1971 when they fell to 3.49 percent during the week ending July 26.

Rates on 15-year fixed-rate mortgages averaged 2.84 percent with an average 0.6 point, up from 2.83 percent last week but down from 3.5 percent a year ago. Rates on 15-year fixed-rate mortgages hit a low in records dating to 1991 of 2.8 percent during the week ending July 26.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

For five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans, rates averaged 2.77 percent with an average 0.6 point, up from 2.75 percent last week but down from 3.13 percent a year ago. Rates on five-year ARM loans hit a low in records dating to 2005 of 2.74 percent during the week ending July 26.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

Rates on one-year Treasury-indexed ARMs averaged 2.65 percent with an average 0.4 point, down from 2.7 percent last week and 2.89 percent a year ago. Rates on one-year ARMs hit an all-time low in records dating to 1984 of 2.68 percent during the week ending July 5.

ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL

A separate survey by the Mortgage Bankers Association showed demand for purchase loans during the week ending Aug. 9 was down a seasonally adjusted 2 percent from the week before, and off 12 percent from the same time a year ago. Applications to refinance accounted for 81 percent of all mortgage loan applications.

The Department of Labor reported today that initial claims for unemployment benefits fell by 6,000 during the week ending Aug. 4, to a seasonally adjusted 361,000, suggesting that the increased job growth seen in July could be sustained into August,