June Home Mortgage Foreclosure Rate Lowest Since 2006

The percentage of home mortgages at some stage of the foreclosure process in Georgia and around the country fell in June to the lowest level since 2006. Nationwide, 0.5% of home mortgages were at some stage of the foreclosure process. Analysts attribute the decline in mortgage foreclosure rates to the current healthy state of the economy. Areas of the country that have recently experience natural disasters such as wildfires and hurricanes, however, experienced a spike in home mortgage delinquency rates.

Buying a new home or planning to refinance a home mortgage loan in metro Atlanta or anywhere else in the state of Georgia?  Contac 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.