Queen City foreclosure rate dips

Springfield’s foreclosure rate dipped in June to 0.4 percent, according to real estate market tracker CoreLogic.

That’s down from 0.44 percent in the same month of 2015. The rate refers to the percentage of home loans in some stage of the foreclosure process, according to a news release.

The Queen City foreclosure rate in June was the second-lowest so far this year, after 0.37 percent in March.

Comparatively, Missouri’s foreclosure rate fell to 0.49 percent from 0.64 percent, and the U.S. rate moved down to 0.95 percent from 1.3 percent, according to the release.

In June, Springfield’s mortgage delinquency rate - referring to loans more than 90 days delinquent - was 1.64 percent, down from 1.75 percent in the same month of 2015.

Missouri’s mortgage delinquency rate declined to 2.39 percent from 2.77 percent, and the U.S. figure dropped to 2.96 percent from 3.56 percent a year earlier, according to CoreLogic.