The Smart Team of NOVA® Home Loans

The Unexpected Link Between Tax Season and Refinancing

Posted To: MND NewsWire

Americans could be approaching new levels when it comes to mortgage loan performance. Black Knight Financial Services says, in its “first look” at March data, that mortgage delinquencies during the month were not only at the lowest point they have reached since March 2006, but are the fourth lowest of the current century. The share of loans that were 30 or more days past due shrank by 14.09 percent from February to 3.62 percent and were 11.40 percent lower than in March 2016. The number of 30-day + delinquencies dropped by 304,000 from February and by 231,000 year-over-year. According to an analysis Black Knight did several months ago, March is usually the month with the fewest past due mortgage loans, with a delinquency rate that is typically 7 percent below the rolling 12-month centered moving…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily

%d bloggers like this: