Mortgage Delinquencies Fall to 2007 Lows

According to a recent article from the National Association of Realtors, delinquencies on home loans dropped in March to 0.84 percent of the nation's 50.2 million mortgages -- the first month since 2007 that delinquencies were below the 1 percent mark.

First-time defaults -- loans that are at least 60 days delinquent -- peaked in January 2009 at 2.89 percent.

Home loans at least 30 days delinquent or in foreclosure dropped to 5 million in March. In January 2010, delinquent loans for at least 30 days peaked at 7.7 million.

More home owners are seeing equity once again in their homes, as prices rise. The number of mortgages with negative equity dropped to 18 percent of homes with a mortgage in January, down from 41 percent one year earlier.