USA today reports:  The rate at which mortgage holders were late with their payments by 60 days or more rose in the June-to-September period for the first time since the last three months of 2009, according to TransUnion.

The credit reporting agency said 5.88% of homeowners missed two or more payments, an early sign of possible foreclosure. That was up from 5.82% in the second quarter.

USA reports:  Arizona had the best rate of improvement in the nation, and now has a delinquency rate of 7.46%. That still places it fourth worst in the country, but the rate is vastly improved from where it stood. In the fourth quarter 2009, Arizona’s delinquency rate hit 16%, highest for any state since the foreclosure crisis began.

Arizona does, however, still have the highest foreclosure rate in the nation — one in every 44 housing units with a foreclosure filing in the third quarter, according to Realtytrac.

While the recent news still isn’t positive, we are hoping the trend will reserve soon. Mortgage rates are at all time lows and unemployment rates are falling.  Combine that with affordable home prices and right now is the perfect time to buy! If you are looking for a piece of real estate to call your home for the long haul, contact us!  We can help you find your dream home, get you an amazing loan and provide you with a list of people that can keep you happy and healthy in your home for years to come.

“Just Shea When”