General World News

Mortgage delinquency rate falls to historic low

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March. 

The overall delinquency rate slightly dropped five basis points from April to 2.75% in May, according to Black Knight. The delinquency rate is 42% lower than the same period a year ago.

A total of 1.46 million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a slight increase of 0.2% from April due to typical seasonal patterns. It’s more than a 71% drop from the same period in 2021. 

“Mortgage performance details ⇒

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