5.7 percent of R.I. mortgages underwater in Q3

IN THE THIRD QUARTER in Rhode Island, 5.7 percent of homeowners with mortgages were in negative equity. / COURTESY CORELOGIC
IN THE THIRD QUARTER in Rhode Island, 5.7 percent of homeowners with mortgages were in negative equity. / COURTESY CORELOGIC
PROVIDENCE – In the third quarter of 2018, 5.7 percent of all homeowners with mortgages in Rhode Island had negative equity, a 1.8 percentage-point decline year over year. The decline in negative equity, which occurs when the value of a mortgage is greater than the value of the home, was accompanied by an average equity…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -