In January, Freddie Mac's single–family serious delinquency rate — those homeowners more than 90 days past due or in foreclosure — dipped below 1% for the first time in nearly a decade.
This is good news, meaning that the vast majority of homeowners with mortgages backed by Freddie Mac are current on their payments.
This rate is significantly below the rate for the entire U.S. mortgage market, whose seriously delinquent rate was 3.13% at the end of 2016, according to the Mortgage Bankers Association's National Delinquency Survey.
We're proud to be the first GSE to reach this milestone, and we'll continue to work to reduce delinquencies even further. Learn more about what we're doing to build a better mortgage finance system for homebuyers, renters, lenders and taxpayers that is Moving Housing Forward.