| Aug 9, 2012 12:48PM The one-to-four family residential delinquency rate shot up 18 basis points during the second quarter to a seasonally adjusted rate of 7.58 percent of all mortgage loans outstanding according to the Mortgage Bankers Association (MBA). The new rate is still 86 basis points below that in the second quarter of 2011. The group's National Delinquency Survey released this morning put the unadjusted rate at 7.35 percent, 41 basis points higher than the 6.94 rate in the first quarter. According to MBA, delinquency... Aug 9, 2012 2:50PM Mortgage Rates began in higher territory this morning, though some lenders released improved rate sheets in the afternoon. On average, rates are still slightly worse than yesterday, falling more in line with Tuesday's offerings. The Best-Execution rates for 30yr Fixed, Conventional loans is still in a state of flux between 3.5% and 3.625%, having only recently moved up that middle ground after several weeks at 3.5%. (Read More: What is A Best-Execution Mortgage Rate? ) This week's US Treasury auctions...
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