Mortgage Delinquencies Sink to Pandemic Low as U.S. Jobs Return
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Mortgage delinquency rates plunged in the second quarter to the lowest level since the pandemic began, as the improving economy helps distressed homeowners get out of trouble.
The seasonally adjusted delinquency rate dropped to 5.47% of all loans outstanding, down from 8.22% a year earlier and the lowest since the first quarter of 2020, according to a survey by the Mortgage Bankers Association.