Springfield foreclosures tick down

While Springfield foreclosures ticked down in December, the city’s decline did not keep pace with Missouri and nationwide decreases.

The Queen City’s foreclosure rate moved down to 0.44 percent from 0.46 percent. Comparatively, Missouri’s December rate dropped to 0.61 percent from 0.69 percent, and the U.S. figure fell to 1.2 percent from 1.5 percent a year earlier, according to a news release from real estate market tracker CoreLogic.

Springfield’s mortgage delinquency rate - representing home loans at least 90 days past due - dropped to 1.8 percent from 2.1 percent in December 2014. The Missouri mortgage delinquency rate declined to 2.6 percent from 3.2 percent, and the U.S. rate moved down to 3.3 percent from 4.1 percent.

In 2015, the lowest Springfield foreclosure rate was 0.4 percent in September and October, while the highest was 0.5 percent in February. The lowest mortgage delinquency rate, 1.75 percent, came in June, while the highest, 2.06 percent, was in January, according to the release.