While so many were distracted with the Presidential election, we received some news from Bill McBride over at Calculated Risk:
Although the percentage of mortgages in foreclosure is higher than the historical average, it is continuing to fall. Third quarter delinquency rates in 2016 are now at a lower point than they have been at any point past the second quarter of 2000. The serious delinquency rate has also dropped by fifteen basis points since last quarter.
To repeat, delinquency rates are at a lower point than any time since the second quarter 2000.