MBA: Mortgage Delinquencies and Foreclosures Decrease in Q3

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.

MBA: Mortgage Delinquencies and Foreclosures Decrease in Q3

To repeat, delinquency rates are at a lower point than any time since the second quarter 2000.