Home Mortgage Delinquencies Fall Sharply

Although home mortgage delinquencies rose in September, they fell sharply in October to levels nearly 18% below delinquency rates a year earlier, aided in part by recovery from last year's hurricanes. The total number of mortgage loans over 90 days past due in Georgia and around the US fell below 500,000 in October for the first time since 2006. Mississippi currently has the highest rate of home mortgage delinquencies in the US, and Colorado has the lowest rate of mortgage delinquencies.

Planning to buy a home or refinance a home mortgage loan in metro Atlanta or anywhere else in Georgia? Contact Peachtree Mortgage Services, Inc. at 770.481.0052.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.