Housing Market Sees a Few Bright Spots

Ad Feedback

Fewer homeowners are falling behind on their mortgage and a record number of homeowners are taking advantage of record low interest rates, according to one credit reporting agency.

Late payments have dropped to a three-year low in the second quarter, with only 5.49 percent of families behind on their payments by 60 days or more.

The numbers come from TransUnion, fro the period between April and June.

Mortgage delinquencies in America were running less than two percent before the housing market collapsed.

At the same time, homeowners are taking advantage of record low interest rates and refinancing in record numbers. Refinance applications for government insured loans soared nearly 200 percent from May to June, reaching a three-year high.

Log in or create an account to post a comment.  

CBN IS HERE FOR YOU!

Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBNNews.com

CBNNews.com

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.