Arizona loan delinquency rate drops to 5.18%

> Arizona loan delinquency rate drops to 5.18% The recovery of the Arizona real estate market has entered a new phase, and compared with the rest of the country...

Arizona loan delinquency rate drops to 5.18% The recovery of the Arizona housing market has entered a new phase, with mortgage delinquency rates no longer rising in Alberta compared to the rest of the country. It was the state with the largest decline in loan default rates in 2012, according to the Credit Report Management Company. Arizona mortgage loans that are 60 days past due or more fell to 5.18% from 7.5% in the fourth quarter of last year. The national average delinquency rate dropped from 5.41% to 5.19%. The average loan size in Arizona fell to 189,900 from 197,319 last year. The national average loan size is 186,785. Credit company officials say these delinquency rates reflect collections on older loans, not new loans. What can be seen from these data is the recovery of the economy. For users who have been unable to repay their loans for a long time, their economic conditions have begun to ease and they can continue to repay their loans. This is also a sign that the real estate market continues to stabilize. Next, let’s look at the states with the highest delinquency rates in the country. Florida has a delinquency rate of 12.47%, followed by Nevada, New Jersey and Maryland. The lowest delinquency rate is in North Dakota at 1.53%, followed by South Dakota, Nebraska and Alaska. For more information about real estate, please contact Tinna of Goldtrust Realty (480)287-0180 E-mail:Goldtrustrealty2010@gmail.com