You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Late mortgage payments decline to a five-year low

LOS ANGELES — Fewer homeowners are falling behind on mortgage payments, aided by rising home values, low interest rates, and job gains. The late-payment rate in the third quarter to a five-year low, the credit reporting agency TransUnion said Tuesday.

The percentage of mortgage holders at least two months behind fell to 4.09 percent from a revised 5.33 percent a year earlier and from 4.32 percent in the second quarter. The last time the rate was lower was the third quarter of 2008.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week