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Foreclosure and mortgage loan delinquency rates both increased year-over-year in Tacoma in January

Post by C.R. Roberts / The News Tribune on March 25, 2013 at 12:53 pm with No Comments »
March 25, 2013 1:13 pm

The foreclosure rate among outstanding mortgages in Tacoma was 3.88 percent in January, up 1.64 percentage points from a rate of 2.24 percent recorded in January, 2012.

The real estate analytics firm CoreLogic reported Monday that the the delinquency rate for mortgage loans 90-days-or-more delinquent was 9.64 percent, up from 9.48 percent the year before.

The Tacoma foreclosure rate, at 3.88 percent, was higher than the state average, at 2.48 percent, and the U.S. average, at 2.9 percent.

The Tacoma delinquency rate, at 9.64 percent, was minimally lower than the December, 2012 rate, at 9.67 percent, and the November, 2012 rate, at 9.74 percent. The latest delinquency rate is the lowest seen since May, 2012, CoreLogic stated.

Nationwide, both the delinquency rate and the foreclosure rate fell in January compared to figures from January, 2012.

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