Despite a slowing economy, mortgage delinquencies fell to a 22-year low of 3.91% of all loans in the first quarter. But economists said they expected delinquencies to rise for the rest of the year.

Delinquencies were down 0.24% from the rate in the fourth quarter of 1994 and 0.22% since the first quarter last year, according to a quarterly survey released Tuesday by the Mortgage Bankers Association.

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