Arizona Real Estate Experiences A Significant Drop in Mortgage Delinquency Rates – Jeff Cameron

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.04% of all loans outstanding at the end of the second quarter of 2014.

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1. Residential real estate loans include loans secured by one- to four-family properties, including home equity lines of credit. Return to table. 2. Commercial real estate loans include construction and land development loans, loans secured by multifamily residences, and loans secured by nonfarm, nonresidential real estate.

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Arizona Real Estate Experiences A Significant Drop in Mortgage Delinquency Rates According to some reports, some American citizen fails to meet their mortgage amortizations on time. This is a very good indicator that US economy is now improving. Aside from being a good indicator of an improving economy, the drop in first time default rate.Read More

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0 5 10 15 20 25 30 delinquency rate (%) U.S. Residential Mortgage Delinquency Rates Seasonalyl Adjused Data, 1998Q2 to 2011Q1 Source: Mortgage Bankers Association / Haver Analytics

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