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Delinquencies Sank to Record Low in March: Black Knight

Thursday, Apr 28 2022
Lending
Written by  The Mortgage Leader

Seasonal and wider economic improvements helped drive mortgage delinquencies to all-time low in March, Black Knight’s monthly “first look” at mortgage-performance statistics has found.

arrow down icon 157360 1280The total U.S. delinquency rate was 2.84%, down more than half a percentage point from February and well below the previous record of ​​3.22% set in January 2020.

Although delinquencies tend to fall in March anyway, this year high employment, student loan deferrals and refinances into record-low interest rates all factored into the decline.

Read more about this data from Black Knight.

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