Fannie Mae Single-Family Mortgage Serious Delinquency Rate Lowest since 2002

Fannie Serious Delinquencies Declined in July, Freddie Unchanged

Freddie Mac reported that the Single-Family serious delinquency rate in July was 0.56%, unchanged from 0.56% June. Freddie's rate is down year-over-year from 0.73% in July 2022.  This is now below the pre-pandemic low of 0.60% and is at the lowest rate since before the housing bust.

Freddie'…