This week’s chart shows that mortgage delinquencies and the unemployment rate continue to track each other closely.
Tag: Ahn Doan
MBA Chart of the Week Feb. 24 2023–Delinquency Rates by Credit Type
The latest credit delinquency data from both MBA and other sources indicates that delinquencies are rising. In MBA’s National Delinquency Survey, covering national and state delinquencies through the fourth quarter revealed that the delinquency rate for mortgage loans on one‐to‐four‐unit residential properties rose to a seasonally adjusted rate of 4.96 percent of all loans outstanding at the end of the fourth quarter.