FW-Arlington mortgage delinquency rate continues to drop
The number of mortgage holders in Fort Worth-Arlington late on their loans continues to decline, dropping in July for the sixth consecutive month, according to CoreLogic research.
The 90-day delinquency rate was 4.84 percent, down from a peak of 5.41 percent in January. The figure represents the percentage of loans that are more than 90 days late. The rate is down 0.20 percentage points from July of 2011.
In Texas, the delinquency rate is 4.25 percent, down from 4.5 percent in July of 2011.
The nationwide rate is also down. In July, 6.71 percent of all mortgage loans were at least 90 days late, down 0.52 percentage points from 7.23 percent in July of 2011, CoreLogic said.
The Fort Worth-Arlington figures covers Tarrant, Johnson, Parker and Wise counties.
_ Sandra Baker