The Lowest Mortgage Delinquency Rate in the Nation

mortgage ratesBlack Knight Financial Services reported the mortgage delinquency rate for each state and once again Colorado has the lowest mortgage delinquency rate in the country with just 2.12% of our mortgages more than 30 days late. Why is this important? First, if peoples’ homes were truly unaffordable they would quit making their mortgage payments. Second, this tells that there are incredibly few distressed sales coming over the next 6 months. Third, with very few distressed sales, home prices will keep rising.  (author: Lonnie Glessner)