Whatcom County's foreclosure rate dropped to its lowest rate in 16 months, according to a new report.
The percentage of county mortgages in some stage of foreclosure was 1.09 percent in October, down from 1.16 percent in September and the lowest level since June 2010, according to CoreLogic, a national provider of financial and property information.
The state foreclosure rate was 1.45 percent in October; the national rate was 3.51 percent.
Whatcom's mortgage delinquency rate was slightly higher in October than the previous month. Whatcom mortgages more than 90 days late hit 4.19 percent, compared to 4.17 percent in September. The highpoint for the delinquency rate locally was in February 2011, when it hit 4.45 percent.
The state delinquency rate in September was 6.10 percent; the U.S. rate was 7.20.
Reach DAVE GALLAGHER at dave.gallagher@bellinghamherald.com or call 715-2269. Visit his business blog online at blogs.bellinghamherald.com/business or get updates on Twitter at twitter.com/BhamHeraldBiz.
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