November 14, 2017

Report: Fewer Hartford area homeowners paid mortgages late in Aug.

cooldesign, FreeDigitalPhotos.net
cooldesign, FreeDigitalPhotos.net

Fewer homeowners in Greater Hartford were delinquent in paying their mortgages in August, according to the latest data from CoreLogic.

In the region, 5 percent of mortgages were delinquent by at least 30 days (including those in foreclosure) in Aug. 2017 compared with 5.5 percent in the year-ago period. There were also fewer mortgages in serious delinquency (90-plus days past due) -- 2.2 percent in August compared with 2.6 percent a year ago, the property analytics firm said.

The foreclosure inventory rate for August also dropped to 0.9 percent compared with 1.1 percent a year earlier.

The regional improvement mirrors a national trend in which 4.6 percent of mortgages were in some stage of delinquency in August compared to 5.2 percent a year earlier, CoreLogic said.

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