KGMI News
BELLINGHAM, Wash. – Home mortgage delinquencies and foreclosures are on their way down in Bellingham.
Core Logic is a research firm that studies real estate trends for business and government.
Their most recent report for the month ending November 30 shows 2 percent of mortgages were delinquent at least 30 days, down from 2.3 percent the year prior.
The foreclosure rate was cut in half during the same time period – dropping from 0.4 percent of mortgages to 0.2 percent.
Nationally, the foreclosure rate is at its lowest level since 2007.