Tarrant County Foreclosures

There are still an incredible amount of foreclosures. There were more than 1300 homes posted for sale at the Tarrant County court house for May. Many of them won't be sold and will be listed with an agent and available through the MLS system. Foreclosures can be a good deal, but you need to look them over carefully and have a qualified home inspector do a full inspection. Owners about to lose their house aren't known for stellar home maintenance. I guess on the bright side, many of them are almost new, so lax maintenance, hasn't had time to hurt them. More and more brand new homes are coming up as foreclosures as some builders get deeper into trouble and lose their homes.

Mortgage Rates

Rates for a 30 year fixed loan are at 6.06% this week, very little change from 6.03% last week. 15 year fixed rate mortgages are averaging 5.59%, down a little bit from 5.62% a week ago.