Tuesday, May 17, 2011

Mortgages

TransUnion also reported that the average mortgage debt per borrower in the U.S. was $190,115 during the first quarter, up 0.6 percent from the previous quarter’s $189,046.


The area with the highest average mortgage debt per borrower continued to be the District of Columbia at $375,579, followed by California at $338,792 and Hawaii at $313,770. The lowest remained in West Virginia at $99,640.

The share of mortgage borrowers in the United States 60 or more days behind on their monthly payments dropped to 6.19 percent at the end of the first quarter of 2011, according to data released Monday by the credit bureau TransUnion.