Whatcom's mortgage delinquency rate continues to drop

THE BELLINGHAM HERALDMay 30, 2013 

Whatcom County's mortgage delinquency rate dropped to its lowest level in nearly three years, according to a new report.

The percentage of Whatcom County mortgages more than 90 days delinquent was at 3.89 in March, the lowest level since July 2010, according to CoreLogic, a national provider of property information. It's the first time the rate dipped below 4 percent in more than two years.

Whatcom's delinquency rate remains lower than the Washington (5.89 percent) and the U.S. (6.01 percent) rates.

In March the percentage of Whatcom County loans in some stage of foreclosure was 1.46, equaling the February rate.

Whatcom's foreclosure rate in March was lower than Washington's rate of 2.38 percent and the national rate of 2.84 percent.

Reach Business Editor Dave Gallagher at 360-715-2269 or dave.gallagher@bellinghamherald.com. Read his Business blog at blogs.bellinghamherald.com/business or follow him on Twitter at @bhamheraldbiz.

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