The serious delinquency rate on single-family loans guaranteed by Freddie Mac broke 3% in August, the highest reading ever.

In its monthly summary released last week, the government-sponsored enterprise said the percentage of loans 90 days or more past due and in foreclosure hit 3.13% during the month, up 18 basis points from July. In August 2008, Freddie had a 1.11% serious delinquency rate.

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