According to the CoreLogic’s latest Loan Performance Insight Report, the share of U.S. borrowers who were in some stage of delinquency (30 days or more past due, including those in foreclosure) was 3.1% in December, 2024 – virtually the same as one year ago. They say this hints at the large number of metros and states that are seeing small reductions in mortgage delinquencies. In addition, they point out that as home prices keep climbing, many homeowners continue to acquire equity which can be used to help borrowers pay their bills in times of need.
“National-level delinquency rates for December show strong performance from the mortgage market with 97% of borrowers making on-time payments. The rate is unchanged from a year earlier and a bit better than a month earlier. Drilling down to the metro level some promising trends emerged with the number of metropolitan areas showing increases in delinquencies falling from 80% in November to 36% in December. Strong mortgage performance reflects a strong economy and labor market.” -Molly Boesel, Senior Principal Economist for CoreLogic
Click here to read the full report at CoreLogic.
