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Las Vegas mortgage-delinquency rate dropping

Las Vegas’ mortgage-delinquency rate is sliding and on par with the national average. But its share of deeply late borrowers is higher than the country’s, a new report shows.

Some 4.6 percent of mortgage holders in the Las Vegas area were at least 30 days late on their payments in July, down from 5.9 percent a year earlier, according to CoreLogic.

The rate nationally also was 4.6 percent in July, down from 5.5 percent a year earlier.

Locally, the “serious delinquency” rate – or share of borrowers at least 90 days late – was 2.5 percent in July, down from 3.6 percent year-over-year.

Nationally, 1.9 percent of mortgages were in serious delinquency in July, down from 2.5 percent a year earlier, CoreLogic reported.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.

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