MORTGAGE WATCH

Mortgage Watch, the oneline mortgage news periodical, reports a steep drop in notices of default. And that lender "workouts" for homeowners in trouble are helping owners stay in their homes. Also helping is mortgage interest rates that are motivating new buyers to enter the market. Falling to as low as 5.5%, interest rates are almost too good to pass up for many!

From the standpoint of existing owners, this is all good news; and it is good as well for new buyers. Let's hope for nationwide stability and relief of suffering here at the end of the year, and for the new year!

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