WASHINGTON - Mortgage delinquencies rose to 4.24% of all loans in the third quarter, confirming that the second-quarter increase was more than a blip. Economists now expect delinquencies to keep climbing at least through 1996.
The increase itself was small, just 0.09% above the level in the preceding quarter, according to a survey released Thursday by the Mortgage Bankers Association. But the slower payments were consistent across most of the country. Only the Northeast bucked the trend, with a slight decline.