| Mar 1, 2012 2:37PM With home prices nationwide continuing to decline it is not surprising that the number of homeowners who are underwater (i.e. owe more on their mortgages than the value of their home) continues to increase. CoreLogic released Quarter Four data this morning showing that 11.1 million or 22.8 percent of all U.S. homes with a mortgage were in a negative equity position compared to 10.7 million in the third quarter and an additional 2.5 million borrowers were in a near-negative position. Together these... Mar 1, 2012 3:55PM Mortgages Rates are sharply higher over the past two days, and Conventional 30yr Fixed Best-Execution rates moved up from 3.875% to 4.0% unequivocally. If you are being quoted the same rate today as yesterday, the COST component of the quote will likely be significantly higher (or the amount of closing costs the lender is able to pay, significantly lower). Additional reading: Previous post with more detailed discussion about Best-Execution calculations . We spoke yesterday about the esoteric concepts...
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