REAL ESTATE
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From Times Staff and Wire Reports
Mortgage Delinquencies Reach a 21-Year Low: Economic expansion and the recent rash of refinancings helped Americans push the rate down in all regions of the nation in the third quarter. The Mortgage Bankers Assn. said the seasonally adjusted delinquency rate was 3.9%, down from 4.21% in the second quarter and at the lowest level since the first quarter of 1973, when it was 3.89%.
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