During the first quarter of 2013, California saw a huge improvement in mortgage delinquencies.

The state ranked second in terms of the steepest decline after the rate fell 36.6% to 4.22%. Nation-wide, every state saw a decrease in mortgage delinquencies. At 4.56%, that rate is down 21% from a year ago, and 12% from Q4 of 2012.

All housing data points to improvements in mortgage delinquencies, and reports suggest it will continue to progress this year to about 4.5%. At the same time, borrowers are taking advantage of record-low mortgage rates, currently posted at 3.52% (30 year fixed).