Click chart to enlarge.

Source: LPS Mortgage Monitor.

Arizona’s non-current mortgage loan rate fell more than in any other state by far.

Non-current = loans 30+ days delinquent or in foreclosure.


Fewer mortgage delinquencies now means fewer distressed properties on the market later, and that means continued higher Arizona home prices.

If you’re thinking of buying a Phoenix area home, sooner is better than later.

P.S. Did you notice that 34 states have a higher rate of non-current mortgage loans than Arizona?

ADDED: See also, “Arizona Mortgage Rate Delinquencies” to see a graph of the fall in delinquencies.


Arizona went from being the #4 state with the highest percentage of non-current mortgages in 2009 to #35 now.