July 11th, 2019

American homeowners are staying on top of their mortgage payment game according to CoreLogic’s most recent Loan Performance Insights Report. The report shows that the nationally delinquency rate is now at a 20-year low (3.6% in April). That marks 16 consecutive months of decline in the national delinquency rate, which shows consumers are doing a great job overall of making on-time monthly payments. However, also cited in the report is the drastically growing delinquency rates in metros that have recently been hit by natural disasters such as floods, hurricanes and fires. Those disasters could have negative effects on the national rate, but we’ll have to wait until the next report is out to get a better idea of what that impact is.

Beau Vermillion