Mortgage Delinquency Falls to Lowest Rate in Over Seven Years

Washington, DC, May 6, 2015—The U.S. mortgage delinquency rate fell to 5.54% in the first quarter, the lowest rate in over seven years, according to the Mortgage Bankers Association. Delinquent loans are those at least 30 days late.

This is the lowest rate since the second quarter of 2007 and down from 6.11% in the first quarter of 2014.