2.5 million mortgage borrowers no longer underwater

Posted by Bonnie Martin Designated Broker on Wednesday, September 25th, 2013 at 10:40pm.

blockhouse_denis-yulia-pogostins__450money.cnn.com - Thanks to a sharp increase in home prices last quarter, 2.5 million more mortgage borrowers no longer owe more on their homes than they are worth, according to CoreLogic.

The improvement is mainly due to soaring home prices, which jumped 7% during the quarter, according to the S&P/Case-Shiller national home price index.

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