IRVINE, Calif. -

A new housing report released Monday indicates foreclosure rates are falling in the Allentown-Bethlehem-Easton area.

Property-research firm Corelogic reports foreclosure rates at nearly three and three-quarters of a percent in October, the most recent month for which information is available.

While that's down from the same time last year, the rate for the Lehigh Valley area is high than the national foreclosure rate, which is over two percent.

 The report also states the local mortgage delinquency rate is over seven and a quarter percent, down from this time last year.,