Cindi Andrews reports:
The foreclosure rate on mortgages are continuing to slide in the three-state Greater Cincinnati metro area.
The rate was 2.58 percent in January, according to the data analysis company CoreLogic, compared with 2.64 percent in December and 3.2 percent a year ago. It reached as high as 3.22 percent in April 2012 and October 2011.
The national foreclosure rate is 2.9 percent, CoreLogic reported.
Loans at risk of going into foreclosure — those at least 90 days late — are dropping, too. In January, 5.98 percent of Cincinnati area mortgages fell in that category, compared with 6.05 percent in December. Delinquent mortgages peaked in January 2012 at 6.56 percent.
Nationally, 6.34 percent of foreclosures are delinquent.