28 July 2017

Mortgage Defaults At Post-Financial Crisis Low

Calculated Risk reports that serious mortgage delinquency is at its lowest level since April 2008, before the Financial Crisis. These rates still haven't quite returned to normal, but they are close:
Maybe the rate will decline another 0.2 to 0.3 percentage points or so to a cycle bottom, but this is pretty close to normal.
The current rate is 0.85%.

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