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Metro Foreclosure Rates Fall

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(credit: Joe Raedle/Getty Images)

(credit: Joe Raedle/Getty Images)

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SANTA ANA, Calif. (WCCO) – A new housing report shows that foreclosure rates are falling in the Minneapolis-St. Paul-Bloomingon area.

According to CoreLogic, a business data and analytics company, foreclosure rates are down nearly two percent from the same time last year.

The Minneapolis-St. Paul-Bloomington rate is also lower than the national foreclosure rate, which sits at nearly three and a half percent.

The mortgage delinquency rate is currently at four and a half percent, which is also down from the same time last year.

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