Portland mortgage delinquency falls

Portland mortgage delinquency falls

The amount of Portland-area homeowners behind on their mortgage payments fell below 5% for the first time since 2009.

The Portland-area delinquency rate among mortgage holders fell to 4.96 percent in March, according to according to the real estate data firm CoreLogic Inc., down from 5.55 percent a year ago.

The delinquency rate, which represents borrowers more than three months behind on payments, has fallen steadily since July, a sign the housing market and broader economy is stabilizing. The rate is now at its lowest point in the Portland area since September 2009.

Read more at OregonLive.com.

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