For the fourth consecutive month, the number of delinquent loans increased year over year. In September, 3% of all U.S. mortgages were in some stage of delinquency. Although the majority of U.S. metro areas saw increases in delinquency rates, the nation’s serious delinquency rate did not change year over year, and the U.S. foreclosure rate stayed roughly the same as last year in September.
While delinquency rates are increases, compared to previous periods, the overall delinquency rate in the U.S. remains low.
Click here to read CoreLogic’s full Loan Performance Insights report with September 2024 data, which features commentary from Senior Principal Economist Molly Boesel.
All archived Loan Performance Insights reports are available at this home page, while regular housing market reports and blog posts from CoreLogic’s economists can be found here.
Written by: Economy Team