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 | 5.007% | 5.060% | -0.053% |
| 30 Year Fixed | 5.481% | 5.555% | -0.074% |
| 1 Year ARM | 3.782% | 3.804% | -0.022% |
| 3/1 Year ARM | 3.949% | 3.980% | -0.031% |
| 5/1 Year ARM | 4.066% | 4.115% | -0.049% |
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