Economics
Mortgage Delinquencies Decline as U.S. Job Market Improves
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The share of U.S. mortgages at least one month late declined in the fourth quarter to the lowest level since 2008 as a better job market helped borrowers pay their bills on time.
The delinquency rate for all home loans dropped to 7.58 percent from 7.99 percent in the previous three months, according to a report today from the Mortgage Bankers Association. The rate peaked at 10.1 percent in the first quarter of 2010. It was 6.99 percent in the third quarter of