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Daily market update: Oct. 12, 2015

10/12/2015

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We’ll add more market news briefs throughout the day. Check back to read the latest. Weekly mortgage rates: Powered by MortgageCalculator.org Powered by MortgageCalculator.org Last week’s most recent market news: RealtyTrac’s U.S. Zombie Foreclosure and Vacant Property Report: A “zombie foreclosure” happens when a homeowner moves out of the home after foreclosure proceedings have started, but then the foreclosure is held up in some way or canceled, leaving the title in the homeowner’s name. This phenomenon is on the decline. A RealtyTrac report shows that 20,050 properties were vacant zombie homes at the end of the third quarter. That’s a decrease of 27 percent since the second quarter, and 43 percent from the same quarter last year. S…

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