Springfield foreclosures dip

Springfield’s foreclosure rate improved to 0.35 percent in September, down from 0.62 percent in the same month a year earlier, according to real estate market tracker CoreLogic.

Comparatively, Missouri’s foreclosure rate dropped to 0.43 percent from 0.62 percent a year earlier, and the nation’s rate fell to 0.86 percent from 1.26 percent, according to a news release.

Springfield’s foreclosure rate in September was the lowest so far this year. The next closest rate was 0.37 percent in March.

The Queen City’s mortgage delinquency rate - referring to loans at least 90 days delinquent - dipped to 1.4 percent from 1.74 percent in September 2015. Missouri’s delinquency rate in September moved down to 2.15 percent from 2.72 percent, while the national rate decreased to 2.63 percent from 3.45 percent, according to the release.

The mortgage delinquency rate in Springfield also was the lowest so far this year for the city.