Real Estate News: This Week's Mortgage Stats

City of Hialeah - Miami Dade County

The fifth largest city in the State of Florida with an area of 20 sq. miles and a Class 1 Fire Department. Hialeah has access to most major thoroughfare - linked by I-95, I-75, the Palmetto and Sawgrass Expressways, and the Florida Turnpike. It is home to Hialeah Race Track and rich with investment opportunities for apts, homeownership, retail and the manufacturing sector. Mayor Julio Robaina serves as strong mayor. His vision to encourage business growth and quality of life for the residents maintains the City of Hialeah as one of the most desirable and stable community in Miami Dade County. See all the details at www.hialeahfl.gov

4/09/2010

This Week's Mortgage Stats

The 30-year fixed mortgage rate is currently 5.08% up from last week's 4.93%.

The rate for 15-year fixed home loans is currently 4.37%.

The rate for 5-1 adjustable-rate mortgages (ARM) is 3.68%

The Total volume of mortgage requests in the past week at Zillow Mortgage Marketplace was down 11% from the prior week.

First American CoreLogic reports that distressed properties accounted for 29% of all US home sales in January.

Real estate-owned sales rose to 22% of home sales from 19% in December and short sales rose to 8% from 7%.