Late mortgage payments are near a 5-year low

This has got to be a good sign of strength in the economy

(AP) — The percentage of late mortgage payments registered in the first quarter was the lowest in nearly five years.

The seasonally adjusted percentage of mortgage payments that were 30 or more days past due for all home loans surveyed dropped to 4.31 percent in the January-to-March quarter, the Mortgage Bankers Association reported Tuesday

This entry was posted on Friday, June 24th, 2005 at 12:15 am and is filed under Statistics, Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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