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01/22/2014

The Fort Worth-Arlington mortgage delinquency rate inches up in November

The number of Fort TX_FortWorth_19100_23104_201312Worth-Arlington mortgage holders more than 90 days delinquent on their loans fell to 4.17 percent in November, compared to 4.6 percent from November 2012, according to a CoreLogic report..

The rate inched up from 4.1 percent October. It was last above the current rate in March 2013 when it reached 4.3 percent, CoreLogic said.

Foreclosure rates in FortWorth-Arlington also decreased in November, CoreLogic said.

CoreLogic said the rate of FortWorth-Arlington area foreclosures among outstanding mortgage loans was 1.04 percent for the month of November,  a decrease of 0.15 percentage points compared to November of 2012 when the rate was 1.19 percent.

Foreclosure activity in FortWorth-Arlington was lower than the national foreclosure rate, which was 2.18 percent for November 2013.

_ Sandra Baker

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