Real Estate Articles

2020-08-26 Mortgage Delinquency Rates Spike in Q2 | By: Brad Beckett

Mortgage Delinquency Rates Spike in Q2
 
BY BRAD BECKETT ON AUGUST 26, 2020

According to the Mortgage Banker Association’s latest National Delinquency Survey, mortgage delinquencies spiked 386 basis points from Q1 to Q2, coming in at a seasonally adjusted rate of 8.22% – which they say is the highest overall delinquency rate in nine years. The MBA says that the pandemic’s effects on some homeowners’ ability to make mortgage payments could not be more apparent. 

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