US Mortgage Delinquency Rates Hit A Record Low In May

US Mortgage Delinquency Rates Hit A Record Low In May
A foreclosure sign is posted in front of a home for sale in Stockton, Calif. on April 29, 2008. Justin Sullivan/Getty Images
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The number of borrowers in a state of delinquency from not making their mortgage payments on time in the U.S. declined five basis points from April at 2.80 percent  to 2.75 percent in May, continuing the downward trend since March, with another new low.

The national delinquency rate started to decline in March, according to the May 2022 First Look Mortgage Data report from Black Knight.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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