The Home Front

Residential Real Estate Delinquency Rate Jumps

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February 24, 2009 RSS Feed Print
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The Federal Reserve says that delinquency rates for residential real estate loans jumped to 6.29 percent in the fourth quarter of 2008 from 5.22 percent in the pervious quarter. The rate has more than doubled from 3 percent in the fourth quarter of 2007. Commercial real estate is experiencing a similar trend. See the figures here. (via Calculated Risk.)

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