Foreclosure Rate Rises Significantly from Second to Third Quarter
Posted in General, November 2nd, 2006The national foreclosure rate jumped 43% from the second to third quarter, as new statistics indicated recently. Experts say that while the rate is high, it may be somewhat of a natural occurence, since rates were at an extended low for the first part of the decade. With more Adjustable Rate Mortgages scheduled to kick in over the next year, officials say the rate will rise more during the next quarter.
