Mortgage delinquency continues to decline in Jan.

THE MORTGAGE DELINQUENCY rate in Rhode Island declined from 5.4% to 4.6% year over year in January. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT
THE MORTGAGE DELINQUENCY rate in Rhode Island declined from 5.4% to 4.6% year over year in January. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT

PROVIDENCE – The 30-day or more mortgage delinquency rate in Rhode Island declined 0.8 percentage points year over year to 4.6% in January, according to CoreLogic Tuesday.

Rhode Island had the third-highest delinquency rate in New England for the month, ahead of Maine (4.7%) and Connecticut (4.9%).

The Ocean State’s delinquency rate was higher than Massachusetts (3.6%), Vermont (3.3%) and New Hampshire (3.2%).

The national delinquency rate was 4% in January. The lowest delinquency rate in the nation was 1.8% in Colorado, while the highest rate was in Mississippi at 8%.

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The serious delinquency rate, or mortgages 90-or-more-days overdue, in Rhode Island was 1.7% in January, a 0.6 percentage point decline year over year. The foreclosure rate in the state declined 0.2 percentage points to 0.6%.

For January, the mortgage delinquency rate, serious delinquency rate and the foreclosure rate in the Providence-Warwick-Fall River metropolitan was the same as the Rhode Island figures.

The full report is available online, but may require free registration.

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

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