Home Foreclosure Rate Declines Delinquency Rate Increases in Cameron County

Wednesday, March 14, 2012 - 8:34am

The jobless rate in the Valley remains higher than the state and national averages, but there is some good economic news to report.

The latest housing report shows that home foreclosure rates in Brownsville and Harlingen are decreasing and the current rate is just over 1.5% less than last year and down 4% to the national average. The 90-day delinquency rate is a little is more than 5.5% which also reflects a slight improvement from a year ago.

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