Springfield foreclosure rate moves down

The Springfield foreclosure rate dropped to 0.45 percent in January, real estate market tracker CoreLogic reports.

That’s down from 0.55 percent in January 2014, but up from 0.43 percent in December, according to a news release.

The Queen City’s mortgage delinquency rate - representing loans delinquent by at least 90 days - decreased to 1.95 percent from 2.39 percent a year earlier.

The Missouri and U.S. rates also decreased in January compared to the same month of 2014.

The Show-Me State’s foreclosure rate fell to 0.64 percent from 0.76 percent and its mortgage delinquency rate dropped to 3.01 percent from 3.48 percent. The U.S. foreclosure and mortgage delinquency rates dropped to 1.46 percent and 4.02 percent, respectively, according to the release.

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