| May 26, 2011 5:14PM "The Wall" absorbed a direct hit today. A sizeable crack is now visible in the metaphorical structure that stands in the way of lower mortgage rates. And while the damages inflicted are not yet viewed as irreparable, "The Wall" is indeed on the verge of toppling over. This is an encouraging development for intermediate to long-term rate watchers. Intraday price appreciations in the secondary mortgage market were large enough to warrant multiple reprices for the better from lenders. As a result we... May 26, 2011 3:11PM Foreclosed properties continued to impact the home sales market during the first quarter of 2011 according to a report released Thursday by RealtyTrac. Sales of bank-owned homes or those in some state of foreclosure represented 28 percent of all residential sales in the first quarter of 2011, up modestly from 27 percent of all sales in the fourth quarter of 2010 and the highest percentage of distressed sales since the first quarter of 2010, when 29 percent of all sales were foreclosed properties...
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