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Mortgage rates ticked down on Tuesday: The average 30-year mortgage rate is 3.47%, which equates to a $447.37 monthly payment per $100,000 borrowed. A month ago, the equivalent payment would have been lower by $2.24.

If you were to opt for a shorter term, the average 15-year mortgage rate is 2.74%, which equates to a $678.15 monthly payment per $100,000 borrowed. A month ago, the equivalent payment would have been lower by $2.85.

RATE (NATIONAL AVERAGE)

TODAY

1 MONTH AGO

30-Year Fixed Jumbo

4.08%

4.16%

30-Year Fixed

3.47%

3.43%

15-Year Fixed

2.74%

2.68%

30-Year Fixed Refi

3.50%

3.48%

15-Year Fixed Refi

2.77%

2.70%

5/1 ARM

3.01%

2.94%

5/1 ARM Refi

3.15%

3.09%

Source: Bloomberg.

The recovery rolls on, as delinquency rates on U.S. mortgages hit a post-crisis low

A single number shows how far the economy has progressed since the housing crisis that engulfed the U.S., beginning in 2007: The delinquency rate on U.S. mortgages fell to 2.29% as of the end September, the lowest rate of the post-crisis era. That figure comes courtesy of credit-scoring agency TransUnion's Q3 Industry Insights Report, which maintains a database that contains data aggregated from 220 million consumers, and began tracking this broad measure of delinquencies with the third quarter of 2009.

That observation looks consistent with data disclosures from the top U.S. banks in their quarterly filings for the third quarter, according to the Financial Times. Data from the Federal Deposit Insurance Corporation showed the delinquency rate on residential loans across all commercial banks at 4.55% in the second quarter, which already was the lowest rate since the second quarter of 2008 (4.38%).

The apparent discrepancy between the two sets of figures stems from the fact that TransUnion's delinquency rate is based on loans that are 60 or more days past due, where the FDIC rate is more expansive, with delinquent loans beginning at 30 days past due.

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