New problem mortgage loan rates fell to 0.84% in March, according to Lender Processing Services...

|About: Lender Processing Servic... (LPS)|By:, SA News Editor

New problem mortgage loan rates fell to 0.84% in March, according to Lender Processing Services (LPS), the first time below 1% since 2007 (it averaged 0.55% from 2000-2004). Negative equity is the key, says LPS' Herb Blecher, and it's falling fast thanks to rising prices.