U.S. Mortgage Delinquencies Continue to Fall in February
According to CoreLogic’s Loan Performance Insights Report, U.S. mortgage delinquency rates fell 2.5% from February last year.
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According to CoreLogic’s Loan Performance Insights Report, U.S. mortgage delinquency rates fell 2.5% from February last year.
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Just 3.3% of all mortgages in the U.S. were in some stage of delinquency in January, the lowest overall rate in 23 years, according to a report from CoreLogic. The 3.3% of mortgages at least 30 days past due, including those in foreclosure, represented a 2.3 percentage point decrease from the 5.6% in delinquency in January 2021, according to CoreLogic’s monthly Loan Performance Insights Report. The 3.3% rate is the lowest since January 1999.
In November, 3.6% of all mortgages in the U.S. were in some stage of delinquency representing a 2.3-percentage point decrease compared to November 2020.
For the month of October, 3.8% of all mortgages in the U.S. were in some stage of delinquency.