Foreclosure rate remains low in St. Louis region

ST. LOUIS (AP) — The foreclosure rate in metropolitan St. Louis is up slightly, but still below the national average.

The St. Louis Post-Dispatch (http://bit.ly/OH7djc ) reports that about 1.7 percent of the region’s homes with mortgages were threatened with foreclosure or bank possession in June. That’s up one-tenth of a percent compared to June 2011, while the national average fell by a tenth of a percent.

However, the foreclosure rate in St. Louis remains well below the 3.4 percent average for the nation.

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Information from: St. Louis Post-Dispatch, http://www.stltoday.com

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