Washington-area foreclosure rates lower

Delinquency and foreclosure rates among Washington-area homeowners continued to trend lower in January, mirroring a national decline.

Real estate data firm CoreLogic says Washington-area homeowners with a mortgage that are at least three months behind on payments fell to 5.35 percent in January from 5.94 percent a year earlier. Homeowners in some stage of foreclosure proceedings fell to 2.01 percent from 2.37 percent.

Nationwide, the delinquency rate in January was 6.34 percent with a foreclosure rate of 2.90 percent.

Three years ago, the Washington-area delinquency rate was 6.74 percent and the foreclosure rate was 2.42 percent.

Read the full story from the Washington Business Journal.

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