A report out this morning from CoreLogic says 2.39% of homes in the Baton Rouge metro area were in some stage of foreclosure in February—a decrease of 0.41 percentage points from February 2011 and a smaller dip of 0.03 points from January. The U.S. foreclosure rate in February was 3.41%, a drop of 0.18 percentage points on the year, while the Louisiana rate was down 0.51 points from February last year, to 2.48%. Baton Rouge’s mortgage delinquency rate—that is, the percentage of home loans more than three months past due—also dipped 0.22 points year-over-year to 5.75% in February. That’s also lower than the U.S. rate of 7.24% and the Louisiana rate, which dropped 0.31 points on the month to 6.3%. See a CoreLogic map of February foreclosure rates in the Baton Rouge area by ZIP code here.
B.R. foreclosure rates inch lower in February
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