Yahoo! News - Mortgage Delinquencies Lowest in 4 Years
By Richard Leong

NEW YORK (Reuters) - U.S. mortgage delinquencies slipped in the first quarter of 2004 to their lowest level in nearly four years, helped by a robust housing market and improving job conditions, a U.S. mortgage industry group said on Monday. The Mortgage Bankers Association said its measure of outstanding mortgages that were delinquent fell to 4.33 percent on a seasonally adjusted basis for the first quarter from 4.49 percent in the fourth quarter and 4.85 percent a year ago. The first-quarter delinquency reading is lowest since 4.11 percent for the second quarter 2000, according to a spokesman for the group.

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There's some good news. Now how will Kerry, et al., spin this into the worst economy since Herbert Hoover?