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10/25/2012

FW area mortgage late rate declining according to latest monthly report

The percentage of homeowners more than 90 days delinquent on their mortgages in the Fort Worth-Arlington area in August declined to 4.7 percent from 5 percent a year ago, according to CoreLogic.

The rate is the lowest it’s been in nearly two years, CoreLogic said.

The August rate was 4.1 percent statewide and 6.7 percent nationwide. The Fort Worth-Arlington area includes Tarrant, Wise, Parker and Johnson counties.

The delinquency rate measures the percentage of loans that are more than 90 days late, including those in foreclosure.

_ Sandra Baker

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