How rising home prices in metro Phoenix are helping homeowners

By Angela Gonzales | Phoenix Business Journal

Mortgage delinquency rates have returned to the pre-pandemic rate for the first time, according to CoreLogic’s Loan Performance Insights report released Feb. 8.

For the month of November, 3.6% of all mortgages in the U.S. were in some stage of delinquency — 30 days or more past due, including those in foreclosure. That represents a 2.3% decrease compared to November 2020, when it was 5.9%, according to the report.

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