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As a sign of the overall health of the U.S. real estate market, single-family mortgages that are ‘seriously delinquent’ only represent 0.51% of all single-family mortgages.
This percentage is lower than last month and lower than last year.
A mortgage is considered ‘seriously delinquent’ if it is more than 90 days past due.
To put the current rate in perspective, in February 2010 5.6% of single-family mortgages were seriously delinquent.
So, today’s number is roughly 10% of the worst time of the housing bubble.
