Real Estate

Mortgage delinquencies sink to pandemic low

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A demonstrator at a June 30 Cancel Rent and Mortgages rally in Minneapolis.

Brandon Bell | Getty Images

Mortgage delinquencies in November fell to their lowest level since the start of the coronavirus pandemic, though the number is still far higher than the rate a year earlier. 

Just under 6% of all U.S. mortgages — 2.7 million homes — were in some stage of delinquency at the end of November, according to the latest reading by CoreLogic.

The largest share of troubled mortgages are those that are considered seriously delinquent, or more than 90 days past due. Just under 4% are in this deep trouble, compared with just over 1% the previous year, before Covid began its deadly spread.

“The…



Source cnbc.com

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