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%.
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%.