Foreclosure rates down in Killeen-Temple

KILLEEN-TEMPLE-FORT HOOD – Foreclosure rates decreased in January from last year, according to CoreLogic. The local foreclosure rate was 1.06 percent, down about one-third of a percentage point from January 2012.

That means that about 466 homes in the Killeen-Temple-Fort Hood metro area could have been in some stage of the foreclosure process since the region contains about 44,000 households with mortgages, according to the most recent U.S. Census Bureau data.

The national foreclosure rate was 2.90 percent in January, more than twice Texas’ rate of 1.17 percent.

The rate of local property loss was up slightly from December, when it sank to a more than two-year low of 0.96 percent.

Another indicator of housing market stability, the 90-day delinquency rate, also dropped to 4.5 percent from two-year high 4.79 percent in January 2012.

The highest local foreclosure rate was in northwestern Coryell County, where more than 2.8 percent of properties with mortgages were affected. A portion of southeast Bell and western Coryell counties contained pockets of moderately high foreclosure activity among 2 to 2.8 percent of mortgage properties.

Read more at the Temple Daily Telegram.