More People Paying Mortgages on Time #homeownership #realestate #wealth

Source:  Wall St. Journal

Fewer borrowers are late making their house payments, according to a real-estate data firm, which credits strong employment numbers and tougher lending standards for the decline in delinquencies.

Nationally, 3.2 percent of jumbo mortgages were 30 days or more past due in May, a 1.1 percentage-point decline from May 2016, Calif. - based data firm CoreLogic found.  The serious delinquency rate, defined as 90 days or more past due, was just 2.1 percent - the lowest rate in nearly a decade.

Check out the full story here:
https://www.wsj.com/articles/more-people-paying-mortgages-on-time-1504709893

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