Mortgage delinquency rate drops nearly 14%: TransUnion

The mortgage delinquency rate declined more than 14% in the last year (down from 3.84% in Q4 2013). Average mortgage balances per consumer increased to $187,139 in Q4 2014, up from $185,496 in Q4.

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Mortgage delinquencies are likely to fall in 2014 as late payments on credit cards rise, according to an annual forecast from TransUnion. The national mortgage delinquency rate the percentage of borrowers who are 60 days or more past due on their loan payments is expected to be 3.94% at the end of 2013.

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On a year-over-year basis, the mortgage delinquency rate – the rate of borrowers 60 days or more past due on their mortgages – dropped nearly 14% from 6.01% last year, according to a survey by.

The national mortgage loan delinquency rate-the ratio of borrowers 60 or more days past due-is expected to decline to 3.75% by the end of 2014 from an estimated 3.94% at the conclusion of 2013.

‘Based on revised economic assumptions, which are now more optimistic than before, TransUnion believes that the 60-day mortgage delinquency rate will likely continue to drop in 2010, possibly to as low as 6.3 percent," Guarrera says, cautioning that unanticipated economic shocks to the housing market could lead to higher delinquency levels.

Trend Watch #4: Non-mortgage delinquency will continue to drop Economic events such as interest rate hikes, unemployment, inflation and wages will have an impact on delinquency. The graphic below shows the projected change in serious delinquency rates on non-mortgage products from Q3 2018.

This also marks the 13th consecutive quarterly drop in the mortgage delinquency rate (down from 3.29% in Q4 2014). On a yearly basis, the delinquency rate dropped nearly 18% from 3.59% in Q1 2014.

TransUnion: Mortgage Delinquency Rate Drops to Pre-Recession Levels Pin It The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgages) declined to 2.95% in Q1 2015 – the first time the variable has been below 3% since prior to the recession in Q3 2007 (2.61%).

The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) declined for the fourth consecutive quarter, dropping from 5.41 percent in Q3 2012 to 5.19 percent in Q4 2012. On a year-over-year basis, the mortgage delinquency rate has declined nearly 14 percent from 6.01 percent in Q4 2011.

CHICAGO, IL–(Marketwired – August 17, 2015) – The mortgage delinquency rate (the. experienced a yearly drop of 26.9% from 2.32% in Q2 2014 to 1.70% in Q2 2015. These, along with the below findings.