Home Loan rates decreased this last week from last week:
| Mortgage Term | Points* | Current Rate | Prior Rate |
| 30-Year Fixed 15-Year Fixed 5-Year ARM 1-Year ARM |
.7 .7 .6 .5 |
4.80 4.48 4.85 4.82 |
4.82 4.48 4.88 4.91 |
* Loan fees are referred to as points. This chart represents the average national points charged according to Freddie Mac. For example, if you are paying .7 points on a $100,000 loan your fees will be $700.
The list of top states with the highest rate of foreclosure.
1. Nevada: 1in 70 homes, with a total of 15,753
2. Arizona: 1 in 147 homes, with a total of 18,119
3. California: 1 in 165 homes, with a total of 80,775
4. Florida: 1 in 188 homes, with a total of 46,391
5. Idaho: 1 in 358 homes, with a total of 1,764
6. Michigan: 1 in 360 homes, with a total of 12,564
7. Illinois: 1 in 369 homes, with a total of 14,218
8. Georgia: 1 in 389 homes, with a total of 10,185
9. Oregon: 1 in 446 homes, with a total of 3,608
10. Ohio: 1 in 451 homes, with a total of 11,231
On another note, 39% of the foreclosures that are occuring are in 35 countries. Evidently, a small handful of countries that have made horrible decisions have affected the entire global banking system.
Sources:
