Underwater mortgage rate declines in Providence metro in Q4

THE SHARE OF underwater mortgages in the Providence metro area declined 1.1 percentage points year over year to 5.2 percent in the fourth quarter of 2018. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE
THE SHARE OF underwater mortgages in the Providence metro area declined 1.1 percentage points year over year to 5.2 percent in the fourth quarter of 2018. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE
PROVIDENCE – The share of mortgages with negative equity, or underwater mortgages, in the Providence-Warwick-Fall River metropolitan area declined 1.1 percentage points year over year in the fourth quarter of 2018 to 5.2 percent, according to CoreLogic Thursday. The report said that there were 19,378 underwater mortgages in the metro area out of a total…

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