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Springfield foreclosures fall

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The Springfield foreclosure rate dropped to 0.43 percent in December, according to data released today by real estate market tracker CoreLogic.

The change represented a decrease of 0.15 percentage points compared to December 2013, according to a news release.

Springfield’s mortgage delinquency rate - a precursor of foreclosures representing mortgage loans delinquent by at least 90 days - fell to 2 percent in December, down from 2.41 percent a year earlier.

Comparatively, the Missouri foreclosure rate moved down to 0.63 percent from 0.83 percent and its mortgage delinquency rate decreased to 3.02 percent from 3.52 percent. The U.S. foreclosure rate dropped to 1.47 percent from 2.16 percent, while its mortgage delinquency rate fell to 4.06 percent from 5.12 percent, according to the release.

Springfield’s foreclosure rate hit its 2014 peak of 0.55 percent in January. The 0.43 percent rate in December - equal with November - was the lowest of the year, CoreLogic reports.[[In-content Ad]]

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