Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Mortgage Delinquencies Continue To Fall

In another sign of decreasing delinquencies and distressed mortgages, the numbers for delinquencies on Freddie Mac guarantied mortgages dropped to 3.42% in July, which marks the lowest level since August 2009.

The rate stood at 3.59% at the beginning of the year.

The high water mark came in February 2010 at 4.2% and continued to drop from that point.

To look at the total numbers of mortgages involved, the latest Federal Housing Finance Agency numbers revealed that about 621,000 Freddie Mac loans sat in some sort of delinquency stage a the end of the first quarter.

Delinquencies Down From End Of 2009 High Mark

That number came down from 687,000 one year before and a high of 858,000 at the end of 2009.

With these numbers in mind, things look promising on this front but do not overlook the sagging unemployment figures and still (mostly sagging) economy.

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Freddie Mac Delinquencies Drop To Nearly 3 Year Low

Advertisements

1 Comment

Filed under Mortgages, pre-foreclosure

One response to “Freddie Mac Delinquencies Drop To Nearly 3 Year Low

  1. Pingback: Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013 | Resource Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s