Foreclosure rates in Greater Hartford showed a dip in March but still are higher than the national average as is the state’s overall foreclosure rate.
The rate of Hartford-West Hartford-East Hartford area foreclosures among outstanding mortgage loans was 1.42 percent for March 2016, a decrease of 0.23 percentage points compared with March 2015 when the rate was 1.65 percent. Foreclosure activity in Hartford-West Hartford-East Hartford was higher than the national foreclosure rate, which was 1.09 percent for March 2016, according to property analytics firm CoreLogic.
The state’s foreclosure rate for March 2016 was 1.7 percent, down from 2.03 percent in March 2015.
Also in Hartford-West Hartford-East Hartford, the mortgage delinquency rate decreased. According to CoreLogic data for March 2016, 3.54 percent of mortgage loans were 90 days or more delinquent compared with 4.46 percent for the same period last year, representing a decrease of 0.92 percent.
Connecticut’s delinquency rate was 4.09 percent, down from 5.26 percent in March 2015. The national delinquency rate was 3.03 percent in March 2016.
