Serious delinquency on first mortgages fell to the lowest level since the recession ended, while the second-mortgage rate dropped to an the lowest level on record.
As of June, the 90-day delinquency rate on first mortgages was 1.23 percent. It was the lowest level of late payments since the end of the recession.
Past-due payments improved from a month earlier, when the serious delinquency rate was 1.31 percent.
Ninety-day delinquency has fallen 18 basis points from a year earlier.
The findings were reported in the S&P/Experian Consumer Credit Default Indices.
On second mortgages, the 90-day rate fell to 0.54 percent, the lowest level since the index was launched in 2004.
The second-mortgage rate was 0.60 percent in May.
During the same month in 2012, the second-mortgage delinquency rate was 0.73 percent.
The composite default index, which additionally reflects performance on bank cards and auto loans, fell to a post-recession low of 1.34 percent from 1.42 percent and was 1.52 percent in June 2012.
The Miami metropolitan statistical area had a composite delinquency rate of 1.75 percent — the highest of the five-biggest MSAs.
Dallas’ 0.92 percent serious composite delinquency rate was the lowest among the biggest MSAs.