Mortgage delinquency and foreclosure rates in March declined to levels not seen in at least six years, according to data from Black Knight Financial Services.

In March, 5.52% of loans were 30 or more days past due, a year-over-year decline of 16.3%. This was the lowest delinquency rate since October 2007, the Jacksonville, Fla., analytic firm said in a report due out Tuesday. In February, the delinquency rate was 5.97%.

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