Fewer Homeowners Behind On Payments

The percentage of homeowners behind in their mortgage payments fell from January through March to the lowest level in 22 years, due in part to low-interest loans.

The Mortgage Bankers Association said Tuesday its quarterly National Delinquency Survey showed the seasonally adjusted delinquency rate on one- to four-unit homes was 3.91 percent, down from 4.15 percent in the October-December period of 1994.

It was the lowest since a 3.89 percent rate in the first three months of 1973. Every region in the nation shared in the improvement.