U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.

In the second quarter, the 30-day delinquency rate on home equity lines of credit dropped to 1.34%, its lowest mark since the third quarter of 2008, according to new survey data from the American Bankers Association. Late payments were down from 1.42% in the first quarter.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.