MADISON, WI (WTAQ) - Fewer Wisconsinites are behind on their mortgages, as the state’s housing market continues to heal from the Great Recession.
As of December 31st, about 5.8% of home mortgages in the Badger State were at least 30 days overdue. That’s one-tenth-of-a-percent less than at the end of 2011.
The Mortgage Bankers Association says the delinquency rates include loans that are at least one payment overdue – but are not in danger of foreclosing.
Wisconsin homeowners continue to do better than their national counterparts in keeping up with their mortgages. The national delinquency rate is almost 7.1%.
The national rate is down by almost a half-percentage-point from the previous year – and it’s the lowest since 2008, when the recession began in earnest.
Wisconsin also has the second-lowest mortgage delinquency rate in the Midwest. Minnesota is the best, at four-point-eight perc