Foreclosure rates in Des Moines-West Des Moines decrease

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Foreclosure rates in Des Moines-West Des Moines decreased for the month of October over the same period last year, according to data from CoreLogic. The rate of Des Moines-West Des Moines area foreclosures among outstanding mortgage loans was 1.01 percent for October 2014, a decrease of 0.76 percentage points from October 2013 when the rate was 1.77 percent. Foreclosure activity in Des Moines-West Des Moines was lower than the national foreclosure rate, which was 1.52 percent for October 2014. The mortgage delinquency rate also decreased, as 2.77 percent of mortgage loans were 90 days or more delinquent, compared with 3.71 percent for the same period last year, representing a decrease of 0.94 percentage points.