B.R. foreclosure rate dips in April, mortgage delinquency rises
Baton Rouge's foreclosure rate edged down 0.18 percentage points in April to 2.39%, compared to April 2011, according to a new report out this morning from CoreLogic. That's a scant 0.02 percentage points down from the March rate. Still, Baton Rouge's foreclosure rate remains well below the 3.41% national average and is also lower than Louisiana's rate of 2.49% in April, which represents a decrease of 0.11 percentage points from a year ago. The mortgage delinquency rate in Baton Rouge—that is, the percentage of home loans three months past due or more—stood at 5.54% in April, down slightly from the 5.65% rate in April 2011 but up from the 5.31% rate recorded the month previous. Still, the local delinquency rate remained well below Louisiana's rate of 6.13% in April and the U.S. rate of 7.07%. See a map from CoreLogic detailing foreclosure rates by ZIP code in the Baton Rouge area here.
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