Mortgage delinquency in Providence metro 4.8 percent in June

THE MORTGAGE DELINQUENCY of 30 days or more rate in the Providence metro was 4.8 percent in June. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT
THE MORTGAGE DELINQUENCY of 30 days or more rate in the Providence metro was 4.8 percent in June. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT

PROVIDENCE – Mortgage delinquency of 30 days or more in the Providence-Warwick-Fall River metropolitan area was 4.8 percent in June, a 0.7 percentage point decline year over year, according to CoreLogic Tuesday.

Serious delinquency, or mortgage delinquency of 90 days or more, in the Providence metro was 1.9 percent in the month, a 0.6 percentage point decline from June 2017. The foreclosure rate in the area was 0.6 percent, a 0.4 percentage point decrease from 1 percent in June 2017.

Nationally, 4.3 percent of mortgages were in delinquency of 30 days or more, a 0.3 percentage point decline year over year. The national foreclosure rate was 0.5 percent, 0.2 percentage points lower than in June 2017.

In Rhode Island, the mortgage delinquency rates and foreclosure rate were the same as the Providence metro in June.

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In Massachusetts, 3.9 percent of mortgages were in some form of delinquency 30 days or more, 0.4 percentage points less than in the previous year. In June, 1.5 percent of Massachusetts mortgages were in serious delinquency, a 0.4 percentage point drop from 1.9 percent in June 2017. The foreclosure rate was 0.5 percent for the month, a 0.3 percentage point tick down from 0.8 percent the previous year.

Chris Bergenheim is the PBN web editor. Email him at Bergenheim@PBN.com.