Repo homes or bank foreclosures are homes that are owned by the bank or lending institution. This happens when a landowner stops making payments to the loan and the banks are force to foreclose the homes. The banks usually purchases the repo homes back at a public auction to recuperate the losses. Investing in repo homes can be an excellent way to save money on a new home.
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Select a state in the list below for foreclosure listings of bank foreclosures for sale.
| Mortgage Type | Today | Last Week | Change |
| 15 Year Fixed | 4.510% | 4.540% | -0.030% |
| 30 Year Fixed | 5.105% | 5.142% | -0.037% |
| 1 Year ARM | 3.237% | 3.219% | 0.018% |
| 3/1 Year ARM | 3.360% | 3.375% | -0.015% |
| 5/1 Year ARM | 3.411% | 3.444% | -0.033% |
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