November 22, 2024 2:56 am
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Phoenix, Arizona rates on home loan delinquency, foreclosure continue decline

By Patrick O’Grady | Phoenix Business Journal

Phoenix-area mortgage delinquency and foreclosure rates continued to fall in June, and they are seeing lower levels around the state as well, according to a report out Tuesday.

CoreLogic, which tracks various home data, found the overall delinquency rate in the Phoenix metro at 2.6 percent for those behind more than 30 days with a mortgage payment. Serious delinquencies — defined as those more than 90 days past due — were at 0.7 percent for the region.

Both of those numbers were down slightly from June 2017, when delinquencies were at 2.8 percent and serious delinquencies were at 0.8 percent.

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