Morning Minute: Mortgage interest rates below 4 percent for third week

Mortgage interest rates rose slightly compared to last week but at 3.98 percent for a 30-year, fixed rate, it still remained below 4 percent for the third week in a row, Freddie Mac reported today. The 15-year, fixed-rate mortgage averaged 3.13 percent this week. Read more from Freddie Mac.

In other headlines:

More choice for homebuyers as Chicago listings rise – Crain’s Chicago Business

10 reasons why people don’t get a mortgage – HousingWire

Mortgage Fraud Up – Where Is It Highest? – Dail Real Estate News

Morning Minute: Chicago makes list of best cities for vampires

Photo credit: BigStock

Calling all vampires. Just in time for Halloween, the real estate brokerage Redfin has put together a tongue-in-cheek list of the best U.S. cities to be a vampires and the city of Chicago ranks second on the list.

And what was the criteria for being identified as a hot spot for the undead? Redfin looked at the number of cloudy days, number of blood banks and blood drives, late night bar hours and number of homes near cemeteries.

Read more from ABC 7.

 

In other headlines:

Completed foreclosures down almost one-third from September 2013 - HousingWire

Pending Home Sales Up, But Credit an Issue – REALTOR® Magazine

Morning Minute: Mortgage rates fall below 4 percent, hit yearly low

Source: Freddie Mac

For the first time this year, 30-year fixed mortgage rates fell below 4 percent and hit a new low for 2014, Freddie Mac reports today.

The 30-year rate averaged 3.97 percent while the 15-year, fixed rate averaged 3.18 percent. Read more from Freddie Mac.

 

In other headlines:

Lower Rates Revive Refinancing Boom – Daily Real Estate News

Congress must extend housing short sale tax relief – HousingWire