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Mortgage Foreclosures Fall to 12-Year Low

Mortgage News > Mortgage Foreclosures Fall to 12-Year Low
Date: 10/09/2018    Mortgage Foreclosures Fall to 12-Year Low

As the unemployment rate has continued to improve, more Americans have been able to keep up on their mortgage payments, pushing the national foreclosure rate to its lowest point since 2006. According to data from CoreLogic, foreclosures made up just 0.5% of all mortgages in July, down from 0.7% the year before. Delinquencies also declined, falling from 4.7% to 4.1% for all loans delinquent by 30 more days.

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