Mortgage Deliquency Rises

Thursday, August 20, 2009 - By Gate Arty

The mortgage delinquency rate, which is defined as the percentage of mortgage holders who are over 60 days or more late on their payments, rose for the tenth consecutive quarter (thru 2nd QTR, 2009). It is now at an all-time high of 5.81%. How should we put this figure in perspective? Well, that is an increase of 65% from the same time period last year. Nevada, Florida, California, & Arizona led the way with the highest foreclosure rates. North & South Dakota and Alaska had the lowest rates.  

Don't forget to visit Central Florida's premier real estate website for all your Lakeland Real Estate needs including Lakeland Foreclosures

Share or bookmark this article:
   del.icio.us   Reddit   Facebook