CoreLogic’s monthly Loan Performance Insights Report for May 2023 showed that most homeowners in the United States seem to be paying off their low-rate mortgages with ease.
For the month of May, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.1 percentage point decrease compared with 2.7% in May 2022 and a 0.2 percentage point decrease compared with 2.8% in April 2023.
To gain a complete view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency. In May 2023, the U.S. delinquency and transition rates and their year-over-year changes, were as follows:
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