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CR Foreclosure Rates Drop

CEDAR RAPIDS, IA (CBS2/FOX28) -- Foreclosure rates in Cedar Rapids have dropped.

A new housing report shows foreclosure rates in May at just more than 1 percent.  That figure is down from the same time last year.

The rate in Cedar Rapids is also lower than the national rate of 1.5 percent.

Analysts say the number shows that more homeowners are feeling secure in their mortgage payments.
 
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