Delinquent Mortgage Payments Down to Three-Year Low
8/8/2012
Hemera Technologies/Thinkstock(NEW YORK) -- More American homeowners are staying on top of their mortgage payments, according to a new report from TransUnion.
The credit reporting firms says just over one in 20 homeowners -- 5.49 percent -- were at least 60 days behind with their mortgage payments during the spring quarter. That marks the lowest level in three years.
The number is still well above levels seen before the housing bust, but the report is another sign of improvement this year for the struggling housing market.
Home prices are now rising in most parts of the country. Mortgage firm Freddie Mac says second-quarter prices rose nearly five percent compared in the first three months of this year.
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