Foreclosure and delinquency rates remain lower in Baton Rouge than in the rest of Louisiana, according to a new report. The study by First American CoreLogic found that local foreclosures and delinquencies are also increasing at a slower rate than the national and Louisiana averages. The foreclosure rate in metro Baton Rouge was 1.4% in May, while the number of home payments that were more than 90 days late was 4.6%. The foreclosure rate in May 2008 was 1.2%, while delinquencies were 3.2%. Statewide delinquencies were 5.1% in May, while foreclosures were 1.6%. The year before, the Louisiana delinquency rate was 3.6% and foreclosures were 1.2%. First American says the nationwide delinquency rate was 6.5% and foreclosures were 2.5% in May.
Foreclosure, delinquency rates lower in B.R.
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