It has been more than a decade since the monthly rate of mortgage delinquency was as low as it is now. The foreclosure rate hasn’t risen in seven months.
Delinquency of at least 30 days on residential loans, including loans that are in foreclosure, was 4.3 percent as of March 31, according to CoreLogic Inc.
Historical data previously provided to Mortgage Daily from CoreLogic indicate that the last time the rate was this low was in May 2006, when it was also 4.3 percent.
Source: Mortgage Daily