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Foreclosure rates on the rise locally
Up 0.13% over the past year in Fort Wayne
Updated: Tuesday, 26 Jun 2012, 8:59 AM EDT
Published : Tuesday, 26 Jun 2012, 8:59 AM EDT
FORT WAYNE, Ind. (WANE) -- A new study released Tuesday shows that foreclosure rates are on the rise in Fort Wayne.
The study, released by CoreLogic , shows that Fort Wayne's foreclosure rate in April 2012 sat at 3.2%, up 0.13% from April 2011's foreclosure rate of 3.07%.
Statewide, Indiana's foreclosure rate also rose from 3.45% in April 2011 to 3.49% in April 2012. The national rate decreased however, dropping from 3.47% in April 2011 to 3.41% in April 2012.
Fort Wayne's foreclosure rate has hovered around the 3.2% mark since last December, hitting a two-year high of 3.28% in January 2012.
The city's mortgage delinquency rate has also risen, hitting 5.61% in April 2012, up from a rate of 5.32% in April 2011.
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