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More than half of US metros post higher foreclosure activity
DailyMORTGAGE LOCK ADVISORY 
July 26, 2012, 6:30 am PST
Click for Lock Advice Updated Several Times Daily
      
7 day Mortgage Interest Rate lock or Float Advice: LOCK Mortgage Points based on 3.5% Mortgage Backed Securities are Up 0.05 point.  After a long run up it may be time for a correction. 30 Day Mortgage Interest Rate Lock or Float Advice: LOCK.
Rates could easily move higher or lower, but given the nearness to all time lows, there's generally more risk than reward regarding floating so my advice is to lock.
 
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More than half of US metros post higher foreclosure activity By Kerri Ann PanchukForeclosure activity in the first half of 2012 picked up in 125 of the 212 U.S. metros surveyed by RealtyTrac in the research firm's latest Foreclosure Market Report.Despite foreclosure increases in many markets, 129 metros still experienced year-over-year declines in foreclosure activity, according to the Irvine, Calif-based real estate research firm.>> Read More ... more

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