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Mortgage Delinquency Rate Falls to Record Low: Black Knight

Sunday, Apr 23 2023
Lending
Written by  The Mortgage Leader

According to Black Knight’s “First Look” report on monthly mortgage performance data, the U.S. mortgage delinquency rate dropped to a record low of 2.92% in March. 

arrow down icon 157360 1280The March delinquency rate was down 53 basis points from February, marking a 15% decline—the second largest in 17 years.

The number of past-due mortgages, including active foreclosures, shrank to its lowest since April 2000, according to Black Knight.

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