R.I. mortgaged homes gain average equity of $6,971 Y/Y in Q4

THE SHARE of underwater mortgages in Rhode Island was 4.3% in the fourth quarter. / AP FILE PHOTO/DAVID ZALUBOWSKI
THE SHARE of underwater mortgages in Rhode Island was 4.3% in the fourth quarter. / AP FILE PHOTO/DAVID ZALUBOWSKI
PROVIDENCE – Homes with mortgages in Rhode Island gained an average equity of $6,971 year over year in the fourth quarter of 2019, according to CoreLogic Thursday. The national gain in that period was $7,343. The share of mortgages in Rhode Island in negative equity, known as underwater mortgages, was 4.3% at the end of…

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