Excerpt:
Freddie Mac reported that the Single-Family serious delinquency rate in August was 0.56%, up from 0.55% July. Freddie’s rate is up year-over-year from 0.52% in August 2024, however, this is below the pre-pandemic level of 0.60%.
Freddie’s serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.
Fannie Mae reported that the Single-Family serious delinquency rate in August was 0.53%, unchanged from 0.53% in July. The serious delinquency rate is up year-over-year from 0.50% in August 2024, however, this is below the pre-pandemic lows of 0.65%.
The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59% following the housing bubble and peaked at 3.32% in August 2020 during the pandemic.
