A report released by CoreLogic showed the St. Louis metro area to have a foreclosure rate in September of 1.57 percent, and increase of over 25 percent (25.6%) from a year ago, and an increase of a little over 3 percent from the month before. The national foreclosure rate in September was 3.29 percent, a slight increase from 3.20 percent the month before.
For the state of Missouri, the foreclosure rate in September was 1.36 percent, an 1.31 percent, an increase of 16.2 percent from a year ago when the rate was 1.17 percent.
St. Louis Mortgage delinquencies decrease for eighth consecutive month…
On the positive side of things, the rate of serious mortgage delinquencies in St. Louis continues to fall at a slow, but steady rate. For September 2010, 5.16 percent of the home loans in St. Louis were 90 days or more delinquent on their mortgage payments down from 5.17 percent in August. The September St. Louis mortgage delinquency rate is slightly higher than it was a year before.
Nationally, the rate of serious delinquency on home mortgages in September 2010 hit 7.84, an increase of 3.9 percent from a year ago when the national rate was 7.54 percent.
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