The total balance of seriously delinquent first mortgages—90 days past due or in foreclosure—was $198.8 billion in November, a decrease of more than 29.8% year-over-year and the lowest level in more than five years, the latest Equifax report said.

And the strong improvement didn’t end there, with delinquent first mortgages, those 30 days or more past due, representing 4.54% of outstanding balances in November, a decrease from 5.87% from the same time a year ago.

Total balances on home equity installment loans was $139.9 billion in November, a decrease of 15.9% from the same time a year ago, while the total number of loans outstanding dropped to 4.6 million.

Meanwhile, the total balances outstanding on home equity lines of credit in November 2014 was $515.4 billion, a decrease of 3.6% from same time a year ago and a five-year low. The total number of HELOCs outstanding fell to 11.1 million, the lowest total in 10 years.

Delinquent balances (30 days or more past due) on HELOCs represented 2.37% of outstanding balances in November, down from 2.7% a year ago.

Delinquent balances on home equity installment loans fell 0.77 percentage points from November 2013 to 2.45% in November 2014.

Outside of housing data, non-mortgage credit balances in November 2014 totaled $3.1 trillion, the highest level in more than five years.

By vertical, year-over-year balance increases included: auto: 9.6% ($965 billion), retail-issued credit cards: 4.8% ($71 billion) and bank-issued credit cards: 4.7% ($611.7 billion).

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