CoreLogic: September 2018 Mortgage Delinquency Is At The Lowest In 18 Years
The storm clouds appear to be dissipating quite rapidly for delinquent mortgages. A new CoreLogic Insights report revealed mortgage delinquency rates for September 2018 is at the lowest point in 18 years.
"The measure, also known as the overall delinquency rate, includes all home loans 30 days or more past due, including those in foreclosure," according to CoreLogic.
"For the month of September, the share of delinquent mortgages was highest in September 2010, at 11.3 percent. During the pre-crisis period (2000 to 2006), the share of delinquent mortgages averaged 4.7 percent."
The foreclosure inventory rate is also down to .5, .1 lower than 2017 and putting it below the pre-crisis level, according to the report.
To view the full CoreLogic report and infographics, click on the image above.