- Created: Monday, 10 December 2012 10:00
It comes as very welcome news that the number of foreclosures is slowly declining from a peak in 2010 in Minnesota. But we've been curious to understand what's "normal" for Minnesota. Looking at the historical delinquency rate for mortgages going back in time can help us understand the trends. What we found was that as of Q3 of 2012, the mortgage delinquency rate was still almost three times higher than the average over several decades before the foreclosure crisis began.