LOS ANGELES (AP) — U.S. homeowners are doing a better job of keeping up with mortgage payments, a trend that has reduced the rate of late payment on home loans to the lowest level in more than five years.

The percentage of mortgage holders at least two months behind on their payments fell in the October-December quarter to 3.85 percent from 5.08 percent a year earlier, credit reporting agency TransUnion said Wednesday.

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