R.I. mortgage delinquency ticks up Y/Y in Aug.

THE SHARE of Rhode Island mortgages that were 30 days or more past due was 4.5% in August. / PBN FILE PHOTO/DAVID CALVERT
THE SHARE of Rhode Island mortgages that were 30 days or more past due was 4.5% in August. / PBN FILE PHOTO/DAVID CALVERT

PROVIDENCE – The share of Rhode Island mortgages delinquent 30 days or more in August was 4.5%, an increase of 0.1 percentage points year over year, CoreLogic said on Tuesday.

Rhode Island was one of five states in the country that experienced an increase in mortgage delinquencies in that time, along with Iowa, Minnesota, Nebraska and Wisconsin.

The national rate in August was 3.7%, a decline from 3.9% one year prior. Rhode Island was tied for the second-highest mortgage delinquency rate in New England with Maine, only behind Connecticut.

Other New England mortgage delinquency rates in August:

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  • New Hampshire: 3.1%, a 0.1 percentage-point decline year over year
  • Vermont: 3.2%, level with the rate one year prior
  • Massachusetts: 3.6%, a 0.1 percentage-point decline year over year
  • Maine: 4.5%, a 0.1 percentage-point decline year over year
  • Connecticut: 4.8%, level with one year prior

Serious delinquency, or mortgages 90 days or more past due, accounted for 1.6% of mortgages in Rhode Island in August, a 0.2 percentage-point decline year over year. The foreclosure rate in the state declined 0.1 percentage-points in that time to 0.5% of all mortgages.

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

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