Mortgage Delinquencies Hit Record Low in March
According to Black Knight’s “first look” report for March, 2022, the national delinquency rate dropped by more than half a percentage point in March, falling to 2.84% and shattering the previous record low of 3.22% in January 2020. Interestingly, Black Knight says that while serious delinquencies (90+ past due but not in foreclosure) fell 12% for the strongest single-month improvement in 20 years, they remain 70% above their pre-pandemic levels. Indeed…
“Robust employment, continued student loan deferrals, strong post-forbearance performance and millions of refinances into record-low interest rates have all helped put downward pressure on delinquency rates.”
Click here to read the full report at Black Knight.
The post Mortgage Delinquencies Hit Record Low in March appeared first on Real Estate Investing Today.