The foreclosure rate in Greater Baton Rouge barely budged in November compared to the month previous, ebbing to 2.09% from 2.12% in October, according to a report released this morning by CoreLogic. However, the new figure is just good enough to best a recent historical low of 2.1%, set in January 2010. The last time the local foreclosure rate was below 2% was December 2009, when it was at 1.98%. The highest the rate has climbed since then was 2.82% in February 2011. For historical comparison, the Baton Rouge area foreclosure rate was 1.28% in January 2009, 2.1% in January 2010, 2.81% in January 2011, and 2.48% in January 2012. Meanwhile, the Capital Region’s mortgage delinquency rate—that is, the percentage of home loans three months or more past due—was at 5.29% in November. That figure was unchanged from the month previous but down from 5.76% in November 2011. CoreLogic has a map of foreclosure rates by ZIP code in the Capital Region that you can check out here.
B.R. November foreclosure rate dips to lowest level since Dec. 2009
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