Las Vegas’ mortgage delinquency rate is just barely lower than the national average, but its share of extremely late borrowers is higher, a new report shows.
Some 4.5 percent of borrowers in the Las Vegas area were at least 30 days late on their mortgage payments in August, down from 5.5 percent a year earlier, according to CoreLogic.
Nationally, 4.6 percent of mortgages were at least a month late in August, down from 5.2 percent year-over-year.
In Southern Nevada, 2.4 percent of borrowers were in “serious delinquency” in August, or at least 90 days late on their payments, CoreLogic reported. That’s down from 3.3 percent a year earlier.
Nationally, 1.9 percent of borrowers were in serious delinquency, down from 2.4 percent.
Contact Eli Segall at firstname.lastname@example.org or 702-383-0342. Follow @eli_segall on Twitter.