B.R. foreclosure rate rose in October

The foreclosure rate in Baton Rouge was 2.4% in October—an increase of 0.04% compared to the same month a year ago—according to data released today by CoreLogic. Louisiana posted a 0.13% decrease in its foreclosure rate on the month, but its rate remained slightly higher than Baton Rouge’s, at 2.49%. The national foreclosure rate stood at 3.51% in October, an increase of 0.22% from the year previous. Baton Rouge’s mortgage delinquency rate—that is, the percentage of home loans that are more than 90 days delinquent—fell to 5.55% in October, down 0.31% on the year. The foreclosure rate in Baton Rouge saw small up-and-down swings over much of 2011. October’s increase was preceded by a 0.05% decrease in September, a 0.03% increase in August, a 0.04% increase in July, and a 0.13% increase in June. For historical comparison on foreclosures, Baton Rouge’s rate was 1.28% in January 2009, 2.08% in January 2010, and 2.79% in January 2011.