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Email not displaying correctly? View it in your browser. Home Loan Payment Trends Continue to Deteriorate: Equifax Consumer delinquency rates for both first mortgages and home equity lines of credit rose again in November, according to Equifax Inc. The credit data company's monthly report, based on nearly 200 million files of U.S. consumers, shows that home mortgages at least 30 days late reached another record of 7.91 percent of total outstanding debt. Delinquency rates on home equity lines of credit (HELOC) have crept up to 3.43 percent, and as property values have dropped, new credit lines backed by homes have fallen off with them. Moody's Sees Price Declines on Commercial Properties Moderating Commercial real estate values in the United States have sunk to their lowest level in seven years, with properties now carrying price tags not seen since 2002. And although they're still falling, data from Moody's Investors Service shows that the rate of depreciation has notably slowed from the large drops measured in the spring. According to the firm's latest study, commercial real estate prices fell 1.5 percent in October, as a result of dwindling demand for apartment buildings and office and retail space. Florida's Home, Condo Sales Soar in November According to the latest housing data released by Florida Realtors, both existing home and condo sales increased in November. This marks the second month in a row that all of Florida's metropolitan statistical areas (MSAs) reported growth in both home and condo sales, and for a majority of the state's MSAs, November represents the 17th consecutive month of increased sales. Mortgage Applications Drop 11%, MBA Reports Consumer demand for home loans fell to a two-month low last week, following four weeks of steady increases. The abrupt decline came despite the fact that borrowing costs remain significantly low, with long-term interest rates still well below the 5 percent threshold. The Mortgage Bankers Association (MBA) said Wednesday that total mortgage application volume is down 10.7 percent. You are receving this email because you opted in at our website dsnews.com or attended a Five Star Conference. Unsubscribe roballey.434-974-5586@blogger.com from this list. Corporate Office: DS News 1909 Woodall Rodgers Suite 300 Dallas, TX 75201 Add us to your address book Washington Bureau: 1101 Pennsylvania Avenue NW Suite 600 Washington, D.C. 20004 Copyright (C) 2009 DS News All rights reserved. Forward this email to a friend Update your profile QUICK LINKS DSNews.com DS News' Red Book DS News' Black Book 2009 Five Star Conference DARE