November 17, 2024 12:56 am
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Mortgage delinquency rate falls to 9-year low

mortgage delinquentHousing market is also finally ‘seeing the fruits’ of low mortgage rates

By Teke Wiggin | Inman

The mortgage delinquency rate dropped to its lowest level in nine years in March, according to Black Knight Financial Services.

The share of loans that were 30 days or more past due but not in foreclosure (the definition of the mortgage delinquency rate) slipped to 4.08 percent, down by 12 percent from the previous year and 8 percent month over month. Not since March 2007 has the delinquency rate clocked in that low.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.