In Altoona, 6.7 percent of mortgages were delinquent by at least 30 days (including those in foreclosure) in January compared with 7.4 percent a year earlier, representing a decrease of 0.7 percentage points.
Altoona mortgages in serious delinquency (90-plus days past due) totaled 2.7 percent in January compared with 3.1 percent in January 2016. The foreclosure inventory rate for this January was 0.8 percent compared with 1.2 percent a year earlier.
Nationally, 5.3 percent of mortgages were delinquent by at least 30 days or more (including those in foreclosure) in January. This represents a 1.1 percentage point decline in the overall delinquency rate compared with January 2016 when it was 6.4 percent, according to CoreLogic, a leading global property information, analytics and data-enabled solutions provider.