The percentage of people who were more than two months late on mortgage payments increased in Baton Rouge and in Louisiana at the end of 2008, but by less than half as much as the national average. According to figures released by TransUnion, a national consumer credit database, 3.8% of the mortgages in metro Baton Rouge were 60 days delinquent during the fourth quarter of 2008, compared with the 3.19% average at the end of 2007. That’s higher than the statewide delinquency rate, which hit 3.66% in the fourth quarter. Nationally, 4.58% of all mortgages were delinquent in the fourth quarter of 2007, compared with the 2.99% rate at the end of 2007. Florida had the highest delinquency rate at 9.52%, while North Dakota had the lowest, at 1.21%.
Mortgage delinquency rates rise in B.R., state
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