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Freddie Mac: Mortgage Serious Delinquency Rate increased slightly in December

Summary:
Freddie Mac reported that the Single-Family serious delinquency rate in December was 0.63%, up from 0.62% in November. Freddie's rate is down from 0.69% in December 2018.Freddie's serious delinquency rate peaked in February 2010 at 4.20%.These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Click on graph for larger imageI expect the delinquency rate to decline to a cycle bottom in the 0.4% to 0.6% range - so this is close to a bottom.Note: Fannie Mae will report for December soon.

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Freddie Mac reported that the Single-Family serious delinquency rate in December was 0.63%, up from 0.62% in November. Freddie's rate is down from 0.69% in December 2018.

Freddie's serious delinquency rate peaked in February 2010 at 4.20%.

These are mortgage loans that are "three monthly payments or more past due or in foreclosure". 

Freddie Mac: Mortgage Serious Delinquency Rate increased slightly in DecemberClick on graph for larger image

I expect the delinquency rate to decline to a cycle bottom in the 0.4% to 0.6% range - so this is close to a bottom.

Note: Fannie Mae will report for December soon.

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