POSTED: Thursday, July 28, 2011 - 3:02pm
UPDATED: Thursday, July 28, 2011 - 4:23pm
Baton Rouge, La — A new housing report out today indicates foreclosure rates in the Baton Rouge area are on the rise. These figures, coming from CoreLogic, show foreclosure rates are up from May 2011, over 2.25%.
However, the Baton Rouge rate is actually lower than the national foreclosure rate, which sits at nearly 3.5%.
The report also says homeowners are doing a good job of keeping up with their house payments. The local mortgage delinquency rate is over 5.5%, and that's down from what it was at this time last year.