In September 2024, 3% of all mortgages were in some form of delinquency, marking a 20 basis point increase year over year, according to CoreLogic.
CoreLogic noted that this was the fourth consecutive month with year-over-year increases in national delinquency rates, indicating a steady decline in mortgage performance.
While serious delinquencies remained unchanged at 0.9%, they are well below the peak of 4.3% seen in August 2020 during the COVID-19 pandemic.
Molly Boesel expressed concern as 70% of metropolitan areas experienced an increase in the overall delinquency rate from a year earlier.
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