Queen City ends 2016 with foreclosure low point

Springfield’s December foreclosure rate was 0.35 percent, the lowest level in all of 2016, according to real estate market tracker CoreLogic.

The latest figure was down from 0.44 percent in the same month a year earlier, according to a news release.

While Springfield’s rate was lower, the percentage decrease on the national level was higher. The U.S. foreclosure rate was 0.44 percent in December, compared with 0.61 percent in the same month of 2015.

The Queen City’s mortgage delinquency rate — referring to loans at least 90 days delinquent — moved to 1.49 percent in December from 1.77 percent a year earlier. The U.S. rate dipped to 2.2 percent from 2.6 percent, according to the release.

During 2016, the lowest mortgage delinquency rate in Springfield was 1.38 percent in October.

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