Estimated reading time: 0 minutes, 32 seconds

Mortgage Delinquencies Dip to Lowest Since 1995

The seasonally adjusted delinquency rate for mortgage loans on one- to four-unit residential properties fell to 3.97% of all loans outstanding at the end of the third quarter, the Mortgage Bankers Association has announced, citing its survey results.

That’s down 56 basis points from the prior quarter and 50 basis points from 2018. It also marks the lowest level since the first quarter of 1995, according to the MBA.

“The labor market remains healthy and economic growth has been stronger than anticipated,” said Marina Walsh, MBA's Vice President of Industry Analysis. “These two factors have contributed to the lowest level of overall delinquencies in almost 25 years.”

Read the full press release. 

Read 1163 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.