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The local foreclosure rate – or the percentage of loans in some stage of foreclosure – declined. Meanwhile, the percentage of Colorado Springs-area mortgage holders who were delinquent on loan.
The banks were the No. 1 and No. 2 Texas mortgage lenders in 2011, according to SNL Financial. In February, Wells Fargo opened an operations center in Irving to meet increasing demand for home loans.
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The higher yields pushed bank shares higher. Rising bond yields drive the interest rates that lenders charge for mortgages.
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Separately, the Federal Housing Finance Agency (FHFA) reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.59 percent.
Equity Lending Mortgage Inc is a mortgage broker based in Colorado Springs dedicated to helping home owners make well informed and strategically smart choices regarding home financing.
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We simplify the home buying and refinancing challenges presented by 2019 Zolfo Springs mortgage guidelines. Our mission is to get you approved for a home buyer grant in Zolfo Springs and into your home with payments you can afford.