April 27, 2015

Serious Delinquency Rate Nears 2008 levels

Freddie Mac Single Family - Serious Delinquency Declines

Freddie Mac's single-family serious delinquency rate declined to 1.73% at March 31, 2015, nearing its lowest level since December 2008 (1.72%).

This is good news, meaning that fewer and fewer homeowners with mortgages backed by Freddie Mac are 90-days past due on their mortgage payments or in foreclosure.

This rate is substantially below the rate for the entire U.S. mortgage market, whose seriously delinquent rate was 4.52% at the end of 2014, according the latest available data from the Mortgage Bankers Association's National Delinquency Survey.

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