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Fewer Americans at Risk of Foreclosure in 4Q

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  • Description

    FBN's Robert Gray breaks down afternoon market news.

  • Duration 0:56
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I'm Robert -- -- your Fox Business -- Freddie Mac says the average rate thirty year fixed rate mortgage held steady at a record low.

For a third straight week.

It was at three point 9% it's the lowest levels its long term mortgages began in the 1950s.

The number of Americans at risk of foreclosure is declining the Mortgage Bankers Association says seven point 6% of homeowners.

Missed at least one mortgage payment in the October through December quarter.

That's done historically high rate of delinquent borrowers but is down from 2010 record high above 10%.

Of residential mortgages.

And investors apparently lost their appetite for JM Smucker -- third quarter profit for the maker of jams and jellies missed analysts' estimates and the company cut its full year outlook.

That is the latest from the Fox Business Network giving you -- power to prosper.

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