R.I. mortgage delinquency rates rise in May

THE SHARE of mortgages in delinquency in Rhode Island increased to 6.9% in May, a rise from 4.2% one year prior. / AP FILE PHOTO/DAVID ZALUBOWSKI
PROVIDENCE – Of all mortgages in Rhode Island, 6.9% were in delinquency 30 days or more in May, an increase of 2.7 percentage points year over year, according to CoreLogic Tuesday. Nationally, the mortgage delinquency rate in May was 7.3%, a rise from 3.6% one year prior. "The national unemployment rate soared from a 50-year…

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