PROVIDENCE – The rate of Rhode Island mortgage delinquencies of 30 days or more in January was 4%, a 0.6 percentage point decline year over year, CoreLogic said April 14.
Nationally, the mortgage delinquency rate was 3.5%, a decline from 4% one year prior. The Rhode Island mortgage delinquency rate was tied with Maine for the second highest in New England in January, followed by New Hampshire with 2.8%, Vermont with 2.9% and Massachusetts with 3.2%, all 0.4 percentage point declines year over year; Maine with 4%, a 0.7 percentage point decline; and Connecticut with 4.4%, a 0.5 percentage point decline.
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The serious delinquency rate of mortgages in Rhode Island, or the share of mortgages 90 days or more delinquent, was 1.4% at that time, a decline from 1.7% one year prior. The state foreclosure rate was 0.5% of all mortgages, a 0.1 percentage point decline over the year.
