The latest data shows an increase in serious delinquency rates for single-family loans backed by Fannie Mae and Freddie Mac in December. This shift highlights the importance of staying informed about mortgage trends and exploring options to secure financial stability.
Freddie Mac reported that the single-family serious delinquency rate rose to 0.59% in December, up from 0.56% in November. While this marks an increase from 0.55% in December 2023, it remains below the pre-pandemic level of 0.60%. For historical context, Freddie’s serious delinquency rate peaked at 4.20% in February 2010 after the housing crisis and reached 3.17% in August 2020 during the pandemic.
Fannie Mae also saw a rise in its single-family serious delinquency rate, reaching 0.56% in December compared to 0.53% in November. Year-over-year, the rate increased slightly from 0.55% in December 2023 but remains below the pre-pandemic low of 0.65%.
If you're concerned about how changing mortgage trends could impact you, ReadySetLoan is here to help.
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