PROVIDENCE – In the Providence-Warwick-Fall River metropolitan area in February, 5.3 percent of mortgages were 30 days or more delinquent, including foreclosure, a decline of 0.8 percentage points year over year, according to CoreLogic Tuesday.
Serious delinquency, or mortgages 90 days or more past due, in the metro area accounted for 2.2 percent of mortgages for the month, a decline from 2.9 percent one year prior. The foreclosure rate in the area was 0.8 percent, which represented a drop of 0.3 percentage points from February 2017.
Rhode Island rates were identical to the metro area in both February 2018 and February 2017, according to the report.
In the United States 4.8 percent of mortgages were in some form of delinquency, a 0.2 percentage point decline year over year, according to the report. The serious delinquency rate was 2.1 percent in February, a 0.1 percentage point decline. The U.S. foreclosure rate also declined, dropping 0.2 percentage points year over year to 0.6 percent in February.
In Massachusetts, 4.3 percent of mortgages are in some form of delinquency, a 0.6 percentage point year-over-year decline. Serious delinquency in Massachusetts declined 0.5 percentage points year over year to 1.7 percent for the month. The Bay State’s foreclosure rate was 0.6 percent, a drop from 0.9 percent one year prior.
Chris Bergenheim is the PBN web editor.
