Mortgage Delinquency Rates Hit 14-Year Low In August

In August, the overall mortgage delinquency rate (30 or more days past due) was 3.7% for the U.S. which is a 0.2 percentage point decline from a year ago and is the lowest overall delinquency rate in 14-years, according to date just released by CoreLogic.  The delinquency rate for August of 3.7% marks the lowest delinquency rate during the month of  August in 20 years.  The serious delinquency rate (120+ days late) decline of 1.2% a year ago to just 1.0% in August 2019, nearly a record low.  The Foreclosure Rate fell in August 2019 to 0.4% from 0.5% a year ago.

Missouri mortgage delinquency rates are low as well…

During August 2019, the overall mortgage delinquency rate for Missouri was exactly the same as the national rate, 3.7%.  The serious delinquency rate in Missouri was 1.1%, just slightly above the national rate, and the foreclosure rate was 0.2%, half of the national rate.

See the current mortgage interest rates here.

 

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