U.S. Mortgage Delinquencies Decline in Q3

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00011087-us-mortgage-delinquencies-decline-in-q3/

U.S. mortgage delinquencies edged down in the third quarter from the prior quarter as the economy improved, while newly initiated foreclosures were unchanged, a U.S. mortgage industry group said on Thursday.

The mortgage delinquency rate was 4.41 percent at the end of the third quarter, down modestly from 4.43 percent at the end of the second quarter and down even more from 4.65 percent a year ago, the Mortgage Bankers Association reported.

The figures are seasonally adjusted and apply to one-to-four unit residential properties.

For this complete story, please visit U.S. Mortgage Delinquencies Decline in Q3.

U.S. Mortgage Delinquencies Decline in Q3

Unknown Author

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