Nathan S. Pierce

NMLS # 12920

801-272-0600

nathan@advancedfunding.com

Nathan S. Pierce Certified Residential Mortgage Specialist

Mortgage Foreclosures Fall to 12-Year Low

As the unemployment rate has continued to improve, more Americans, including Utahns, have been able to keep up on their mortgage payments, pushing the national foreclosure rate to its lowest point since 2006. According to data from CoreLogic, foreclosures made up just 0.5% of all mortgages in July, down from 0.7% the year before. Delinquencies also declined, falling from 4.7% to 4.1% for all loans delinquent by 30 more days.