Currently browsing tag

cedar

Mortgage balances starting to rise

CEDAR RAPIDS — Average mortgage balances increased nationwide to $187,139 in the fourth quarter of 2014, up from $185,496 in the final quarter of 2013. That continued a recent trend of yearly growth, according to TransUnion, a Chicago-based credit and information management company. The average mortgage balance stood at $183,339 in the fourth quarter of 2012.

Mortgage delinquency rates, foreclosures fall in Iowa City, Cedar Rapids

Foreclosure and mortgage delinquency rates fell in Cedar Rapids and Iowa City in November compared with the same month of 2013, according to CoreLogic of Irvine, Calif. The rate of Cedar Rapids area foreclosures among outstanding mortgage loans was 0.92 percent for November, a decline of 0.69 percent compared with 1.61 percent in November 2013. Foreclosure activity in Cedar Rapids also was lower …