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HGTV FrontDoor.com's Annalisa Burgos takes you inside a foreclosure real estate auction of homes in the New York/tri-state area.
| Mortgage Type | Today | Last Week | Change |
| 15 Year Fixed | 5.008% | 5.119% | -0.111% |
| 30 Year Fixed | 5.483% | 5.603% | -0.120% |
| 1 Year ARM | 3.782% | 3.803% | -0.021% |
| 3/1 Year ARM | 3.945% | 3.989% | -0.044% |
| 5/1 Year ARM | 4.063% | 4.155% | -0.092% |
The foreclosure crisis has helped analysts sift the myth from reality in the property market. There is nothing called a national property market. It is all local. The property value has not uniformly fallen - it depends on the segment in which the unit is situated. In some cases the drop is zero. (read the full entry)
A new foreclosure law (Foreclosure Prevention Act) introduced in California does not hold out much hope for the sufferers. It has now been stipulated that the borrowers must postpone foreclosures for 90 days in those cases where both the parties have not sat down to try and modify the terms of the mortgage. (read the full entry)
foreclosure Foreclosures are rampaging through Long Island localities without any signs of slowing down. A street in Central Islip looks like any other with sprinkling of colonial buildings gracing tree lined blocks. (read the full entry)
The foreclosure climate is telling most on women in Ohio and leading to stress. Lora Walker has a modest horse farm and this has been her shelter since she lost her job. But foreclosure is stalking her. (read the full entry)
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