The name makes it sound like a place that you crawl in; however, most of us would probably rather pass on the crawl or even a walk-through of this area because of the lack of cleanliness. A crawlspace is typically a shallow area beneath your home between the soil and first floor. It can be very useful and even enticing to buyers if it’s kept up. On the other hand, a crawlspace can become a refuge for unwanted creatures, fungus, and termites.

Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS), and for yet another week, fixed-rate mortgages reached record lows, as did the 5-year adjustable rate in this survey.