Homeowners fell at least 60 days behind in their payments at a higher rate in the fourth quarter from a historic low, while those in foreclosure continued to dwindle, the Mortgage Bankers Association reported Wednesday.

The seasonally adjusted delinquency rate stood at 4.80% on Dec. 31, up 28 basis points from Sept. 30 and up three basis points from the end of 2015, according to the Washington-based group's quarterly National Delinquency Survey.

Credit unions remain well below the national average, according to Callahan & Associates, a Washington-based consulting firm.

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Jim DuPlessis

A journalist for decades.