Foreclosures On The Increase In Tulsa

A new housing report out Thursday indicates foreclosure rates in the Tulsa area are on the rise.

According to the report from Corelogic foreclosure rates in May were up to 2.32%.{} While that's up almost three quarters of one percent from this same time last year, the Tulsa rate is actually lower than the national foreclosure rate which stands at 3.15%.The report also says homeowners are having trouble keeping up with their house payments. The local mortgage delinquency rate for May stood at 5.28% up year over year but less than April's 5.32%.