Casper’s and Cheyenne’s mortgage rates decreased in November over the same period last year, according to newly released data from CoreLogic. Foreclosure activity in Casper and Cheyenne is lower than the national foreclosure rate which was 3.41 percent for November 2011.
Data reveal that the rate of Casper area foreclosures among outstanding mortgage loans was 0.85 percent for November 2011, compared to 1.16 percent in November 2010.* On a year-over-year basis, the foreclosure rate in Casper decreased 29.66 percent.
Also in Casper, the mortgage delinquency rate has decreased. According to CoreLogic data for November 2011, 2.70 percent of mortgage loans were 90 days or more delinquent compared to 3.29 percent for the same period last year. On a year-over-year basis, the mortgage delinquency rate has decreased 20.96 percent.*
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