Foreclosure rates continue to fall in Manchester-Nashua

May numbers show a year-over-year drop of .39%

Foreclosure rates in the Manchester-Nashua area fell in May from the same period a year ago, according to data from property information and analytics firm CoreLogic.

According to the CoreLogic data, the rate of Manchester-Nashua area foreclosures among outstanding mortgage loans was 0.73 percent for May, a decrease of 0.39 percentage points from May 2013, when the rate was 1.12 percent. Foreclosure activity in Manchester-Nashua was lower than the national foreclosure rate, which was 1.73 percent for the month.

The area’s foreclosure rate hit its peak in January 2013, when it stood at 1.20 percent. Since then, it has been steadily falling.

The mortgage delinquency rate fell in May as well in Manchester-Nashua. According to CoreLogic, 2.85 percent of mortgage loans were delinquent 90 days or more compared to 3.54 percent for the same period last year, representing a decrease of 0.69 percentage points.