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Mark Zandi, chief economist at Moodys Analytics, addressed the topic of mortgage delinquencies in a recentX post.
Read on formore details about this indicator of recession.
Mortgage delinquencies alone wont lead to a recession, Zandi explained.
What Is the Delinquency Rate Now?
The seasonally adjusted delinquency rate was 3.98% of all loans outstanding.
Compared with the third quarter of 2024, thats an increase of 6 basis points.
And year over year, its a 10-basis-point increase.
Government loans are also rolling to later stages of delinquency, Walsh explained.
This last happened during the early days of the COVID-19 pandemic.
According toStatista, the mortgage delinquency rate surpassed 8% during the pandemic.
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