The national mortgage delinquency rate in June hit its lowest level since the onset of the pandemic, falling to 4.37% of all loans, according to Black Knight’s First Look report.
Black Knight notes that delinquencies have now fallen to below their pre-Great Recession average.
Still, more than 1.5 million homeowners are seriously delinquent (90 days or more past due but not in foreclosure) – nearly four times pre-pandemic levels.
As of the end of