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

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

Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL– 08/31/2012list 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 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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s