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Mortgage Delinquencies Fell 0.6% in September

Mortgage News > Mortgage Delinquencies Fell 0.6% in September
Date: 01/08/2020    Mortgage Delinquencies Fell 0.6% in September

Compared with the year before, the number of mortgage borrowers behind on their payments by 30 days or more fell 0.6% in September to just 3.8% of all U.S. home loans. The early-stage delinquency rate – important for forecasting mortgage market health – fell to 1.9% from 2.2% in September 2018. Serious delinquencies -loans with payments late by 90 days or more – fell to 1.3% in September from 1.5%. And foreclosure inventory rate slipped to 0.4%, down 0.1% from the year before.

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