Wednesday, December 8, 2010

Rate of mortgage delinquency will drop

The rate of mortgage delinquency will decline to 4.98% by the end of next year from 6.21% at the end of 2010. The rate would still top historical levels of 1.5% to 2% according to the recent survey of a real estate company.

The real estate company which evaluated nearly 27mn records of the selected customers at random. The company expects that the decline could sustain the real estate market.

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