Black Knight’s First Look: Another Record Low for Delinquencies

Industry Update
June 24, 2022

Rates may be much higher in each of the past 3 months, but those with mortgages are making their payments with record-setting regularity. The overall delinquency rate fell 0.05% to 2.75% in May–the third consecutive record low.

Serious delinquencies (90 days or more past due, but not in foreclosure) are still 45% higher than pre-pandemic levels, but fell sharply (7%) from last month.