Number of the Day: 6.6 percent

May 11, 2012 | Number of The Day

New Jersey has a 6.6 percent
mortgage foreclosure rate, according to the Real Deal, a local real estate publication, using data from CoreLogic, a mortgage credit rating agency.

That’s the second highest rate in the country, after Florida’s 12.1 foreclosure inventory rate. Nationally, the foreclosure rate is dropping, but in both New Jersey and New York, the rate is rising.