Excerpt:
Single-family serious delinquencies increased slightly in September, and multi-family serious delinquencies increased.
Freddie Mac reported that the Single-Family serious delinquency rate in September was 0.54%, up from 0.52% August. Freddie’s rate is down slightly year-over-year from 0.55% in September 2023. This is below the pre-pandemic lows.
Freddie’s serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.Fannie Mae reported that the Single-Family serious delinquency rate in September was 0.52%, up from 0.50% in August. The serious delinquency rate is down year-over-year from 0.54% in September 2023. This is also below the pre-pandemic lows.
The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59% following the housing bubble and peaked at 3.32% in August 2020 during the pandemic.
