95% of mortgage holders paying on time

Mortgage deliquency hit a new 3 year low. Transunion reported 5.49% of mortgage holders were behind 60 days or more in their payments during the April-June period. This was down from the previous quarter of 5.82%, and the lowest level since the first quarter of 2009.  Home prices rose 2.2% nationally during the second quarter and home refinancing surged as interest rates remained low.  Still, the national deliquency rate continues well above it historical rate, suggesting homeowners are still struggling five years into the housing downturn.