Click here for HuffPost article.
According to a sampling of consumer credit reports by TransUnion, mortgage defaults decreased in the first quarter of 2010. This was the first quarterly decrease in mortgage rate default since 2006. While this may be welcome news, the current rate of default 6.77% is still high compared to historicle rate of 1.5 to 2%. Still, the fact that it is trending down is a welcome sign that the housing market may be turning around.
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