Thursday, Jul 28, 2016
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Real Estate

Delinquent mortgages in area drop slightly

The percentage of mortgage loans in the Toledo area that were at least 90 days delinquent dropped slightly in January, according to California-based CoreLogic.

The percentage dropped from 5.96 percent in December to 5.9 percent in January. A year earlier, the rate was 6.69 percent.

January was the fourth consecutive month the rate was below 6 percent. Before October, it hadn’t been below 6 percent since April, 2009.

Statewide, almost 6.5 percent of mortgage loans were 90 days delinquent; nationally, the rate was 6.34 percent.

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