Refinance Activity Surges As Rates Hit 2011 Low

According to The Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages fell to 4.12 percent last week from 4.18 percent the week before. The drop brought rates to their lowest level this...

November Scorecard Collects Key Housing Data

The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury’s November Housing Scorecard collects key data on the housing market and the government’s foreclosure-prevention programs through October. According to the report,...