Arizona Real Estate Experiences A Significant Drop in Mortgage Delinquency Rates – Jeff Cameron

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WATCH LIVE: Former Trump lawyer Michael Cohen testifies before the House Oversight Committee Mortgage Delinquency Rates Fall in 42 States. Since the third quarter of 2011 Arizona’s rate has dropped nearly 25 percent to 5.62 percent and California’s rates is down 24 percent to 5.56 percent. The largest increase was in the District of Columbia where the rate jumped 11 percent to 6.10 from 5.57 percent one year earlier.

Foreclosure rates are at their lowest point in more than a decade. Arizona’s delinquency rate of 30 days or more in April was 2.7 percent, down from 3.2 percent in April 2017, according to the CoreLogic report. The state’s serious delinquency rate in April was 0.8 percent, down from 1 percent in April 2017.

"These distressed sales represent a significant proportion of all home sales transactions. and thus are a contributing element to the downward pressure on home prices," the Fed said. "With mortgage.

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