During the third quarter of 2012, 3.71 percent of St Louis homeowners with a mortgage were 60+ days delinquent on their mortgage, a slight decline from the prior quarter when the rate was 3.88 percent and a decline of over 10 percent from a year ago when the St Louis mortgage delinquency rate was 4.13 percent, according to TransUnion. This marks the third consecutive quarter the St Louis mortgage delinquency rate has declined.
St. Louis mortgage delinquency rates are significantly below the national delinquency rate which was 5.41 percent in the third quarter of this year. Additionally, the St Louis mortgage delinquency rates are falling faster than the national average as the national mortgage delinquency rate was down just shy of 8 percent in the past year, well behind St Louis’ ten percent decline.
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