Breaking News Bar
updated: 2/12/2013 7:41 AM

Late-payment rate on US mortgages hits 4-year low

hello
Success - Article sent! close
  • Homeowners who took on mortgages well after the housing bubble burst are doing a better job keeping up with payments.

      Homeowners who took on mortgages well after the housing bubble burst are doing a better job keeping up with payments.
    File photo

 
Associated Press

LOS ANGELES -- Homeowners who took on mortgages well after the housing bubble burst are doing a better job keeping up with payments.

Credit reporting agency TransUnion said Tuesday the trend is helping bring down the U.S. mortgage delinquency rate to the lowest level in four years.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

TransUnion says the percentage of mortgage holders at least two months behind on their payments fell to 5.19 percent in the last three months of 2012.

That's down nearly 14 percent since the last three months of 2011.

The late-payment rate on mortgages has improved because of several factors, including rising home prices and low interest rates that make it easier for homeowners to refinance and lower their payments.

Before the housing bust, mortgage delinquencies were running at less than 2 percent nationally.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here