6 Painless Ways to Pay Off Your Mortgage Years Earlier
Since there are 12 months in a year, homeowners make 12 monthly mortgage payments. Again, our mortgage search tool is a good place to start.
Mortgage Delinquencies Fall in December
In December, 90-day mortgage delinquencies were at 5.64%, which seems low compared to the peak of 10%. But the level before the housing bubble was 4% to 5%.
Mortgage Delinquencies Hit Post-Bubble Lows
In general, mortgage delinquencies fell to 5.4% due to home price improvements and clearing foreclosure pipelines. The normal level before the housing bubble was between 4% and 5%.
Why mortgage delinquencies tick down in September
Mortgage delinquencies are falling as home prices rise and the foreclosure pipeline clears. While 5.7% seems low compared to the peak of 10%, the normal level before the housing bubble was 4%–5%.
Fitch Affirms Freddie Mac's Commercial Mortgage Servicer Ratings
Fitch Ratings has affirmed the commercial mortgage servicer ratings of Freddie Mac's Multifamily Division as follows: