Springfield foreclosure rate falls in June

The Springfield foreclosure rate dropped to 0.70 percent in June after registering at 0.75 percent in May.

The June rate also represented a decrease of 0.42 percentage points from the same month a year ago, according to the latest data released from real estate market tracker CoreLogic (NYSE: CLGX).

The Missouri foreclosure rate decreased to 0.93 percent from 1.41 percent in June 2012, and the U.S. rate fell to 2.49 percent from 3.36 percent a year ago.

The Springfield mortgage delinquency rate - a precursor of foreclosures representing mortgage loans 90 days or more delinquent - registered at 2.58 percent in June, down from 3.29 percent in the same month a year ago. The Missouri mortgage delinquency rate decreased to 3.54 percent from 4.3 percent, and the U.S. rate dropped to 5.55 percent from 6.86 percent, according to CoreLogic.