On a national level, according to a report released by Corelogic, the foreclosure rate is at a 10-year low and, for the most part, mortgage delinquency rates continue to fall as real estate markets around the country continue to improve.
The state of Missouri, as well as it’s two big metro areas, St Louis and Kansas City, are following suit with improvements in mortgage delinquency and foreclosure rates.
State of Missouri- Mortgage Delinquency/Foreclosure Rates:
- 30+ day mortgage delinquency rate improved from 5.3% of all mortgage loans a year ago to 4.5% for July 2017;
- 90+ day mortgage delinquency rate improved from 2.0% a year ago to 1.5% in July 2017;
- Foreclosure rate improved from 0.5% a year ago to just 0.3% in July 2017
St Louis Metro Area- Mortgage Delinquency/Foreclosure Rates:
- 30+ day mortgage delinquency rate improved from 8.1% of all mortgage loans a year ago to 6.8% for July 2017;
- 90+ day mortgage delinquency rate improved from 3.7% a year ago to 3.0% in July, 2017;
- Foreclosure rate improved from 1.7% a year ago to just 1.2% in July 2017
Kansas City Metro Area- Mortgage Delinquency/Foreclosure Rates:
- 30+ day mortgage delinquency rate improved from 5.0% of all mortgage loans a year ago to 4.1% for July 2017;
- 90+ day mortgage delinquency rate improved from 1.9% a year ago to 1.4% in July, 2017;
- Foreclosure rate improved from 0.5% a year ago to just 0.3% in July 2017
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