The latter half of 2021 has seen delinquency rates on the decline. The return to normalcy following months of pandemic-induced job losses has gradually helped more homeowners find the ability to make payments on time.
In the third quarter (Q3) of 2021, the delinquency rate for mortgaged loans declined to 4.9%, according to the Mortgage Bankers Association (MBA). This is down from 7.7% a year earlier and continues a consistent decline after delinquencies peaked in Q2 2020 at 8.2%.
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