Freddie Mac: Rate of late home loans fell in July |
BusinessWeek - Aug 26, 2010 |
The rate of single-family home loans behind in payments by at least 90 days improved between June and July, but the rate of delinquencies for mortgages on apartment buildings worsened, government-controlled lender Freddie Mac said Thursday.
For apartment building mortgages behind at least 60 days, the delinquency rate inched in July to 0.30 percent from 0.28 percent in June, according to Freddie Mac. The rate stood at 0.12 percent in July last year.
The company said its single-family home loans delinquency rate slipped in July to 3.89 percent from 3.96 percent in June. It was 3.06 percent in July 2009.
Read Full Article from BusinessWeek
- Posted: 2010-08-26 21:42:33
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