The delinquency rate on U.S. home mortgages rose in the first quarter as more homeowners fell behind on payments for the first time, data from an industry group showed on Thursday.
The seasonally adjusted delinquency rate on all loans rose to 7.25 percent from 7.09 percent in the first quarter but was down from 7.40 percent a year ago, according to the report from the Mortgage Bankers Association.
The number of loans that were 30 days late on payments rose to 3.21 percent from 3.04 percent at the end of last year. Mortgages that were 90 days or more past due, which are considered less likely to get back on track, edged down to 2.88 percent from 2.89 percent.