The mortgage delinquency rate for homeowners more than 60 days late declined for the ninth consecutive quarter to 3.61% at the end of the first quarter ended March 31, according to TransUnion’s latest mortgage report.

The mortgage delinquency rate has declined more than 24% in the last year, down from 4.76% in Q1 2013, and it is now at the exact same level as it stood in Q2 2008.

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