Tuesday, December 9, 2008

Dakotas at the bottom for Mortgage Delinquency

South Dakota records second lowest rate in the nation for mortgage delinquency in the third quarter.

According to TransUnion, North Dakota comes in lowest with 1.4% of homeowners two months behind on payments.  South Dakota is next with a rate of only 1.6%.  Florida's rate of 7.8% tops the list.

Nationally the delinquency rate rose more than 1% to 3.96% as of September 30, compared to 2.56% last year.

Source: Sioux Falls (AP) & The Brookings Register Monday December 8, 2008

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