How to buy a foreclosed home How to Buy Foreclosed and Bank-Owned Homes. A foreclosure is a bank-owned home. Foreclosures are also called real estate-owned (reo) homes. Learn how to buy a foreclosure below.
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Mortgage rates rose modestly. Ted Rood, Senior Originator Today’s Most Prevalent Rates 30YR FIXED – 4.5% FHA/VA – 4.25% 15 YEAR FIXED – 4.125% 5 YEAR ARMS – 4.25%-4.625% depending on the lender.
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