Freddie Mac: Mortgage Serious Delinquency rate falls below 1.0% in January, Lowest since June 2008

Freddie Mac reported that the Single-Family serious delinquency rate in January was at 0.99%, down from 1.00% in December.  Freddie's rate is down from 1.33% in January 2016. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. This is the lowest serious delinquency rate since June 2008. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Click on graph for larger image Although the rate is declining, the "normal" serious delinquency rate is under 1%. Maybe the rate will decline another 0.25 percentage points or so......(read more)

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