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Mortgage Delinquencies Fall to 12-Year Low

Mortgage News > Mortgage Delinquencies Fall to 12-Year Low
Date: 11/14/2018    Mortgage Delinquencies Fall to 12-Year Low

The percentage of mortgage loans payments that were late by 30 days or more dropped to 4.0% of all mortgage loans in August, down from 4.6% a year earlier, according to CoreLogic. That is the lowest rate of mortgage delinquencies in over 12 years, since March 2006. Foreclosures also declined, with foreclosure inventory falling to 0.5% in August from 0.6% the previous year.

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