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housing-bubble

Mortgage Delinquencies Fall in December

In December, 90-day mortgage delinquencies were at 5.64%, which seems low compared to the peak of 10%. But the level before the housing bubble was 4% to 5%.

Mortgage Delinquencies Hit Post-Bubble Lows

In general, mortgage delinquencies fell to 5.4% due to home price improvements and clearing foreclosure pipelines. The normal level before the housing bubble was between 4% and 5%.