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Freddie Mac: Mortgage Serious Delinquency rate declined in August, Lowest since July 2008

Freddie Mac reported that the Single-Family serious delinquency rate declined in August to 1.03%, down from 1.08% in July. Freddie's rate is down from 1.45% in August 2015.This is the lowest rate since July 2008.Freddie's serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".
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