Fueled by Low Rates, Prepayment Rate Continues to Rise

Home / Blog / Fueled by Low Rates, Prepayment Rate Continues to Rise

Posted To: MND NewsWire

With interest rates remaining at 2019 lows and spring market home sales kicking in, the rate of prepayments continues to rise. Black Knight, in its "first look" at April mortgage performance data, says the rate is up 17.54 percent from March and 17.65 percent year over year. Over the last three months the prepayment rate has increased by an aggregate of 67 percent. The rate in April was 0.99 percent. The delinquency rate fell by 5.05 percent compared to March and is down 5.41 percent from April 2018. At 3.47 percent of all mortgages in the country, the rate is the lowest in Black Knight's records dated back to 2000. Loans that were at least 30 days past due but not in foreclosure fell by 91,000 to 1.812 million in April. This was 73,000 fewer delinquencies than a year earlier. Serious delinquencies...(read more)

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

Source: http://www.mortgagen...

60beac05 95bc 41bc b6a5 38002fa1c675 67d4082b eb0b 4a79 9eeb ee13e7f476b2 4f72dded 62da 4758 88e0 756af515e6e7 ac46ca4e 4287 4d47 9d24 4315917155ee b820411e d6e5 4776 ab21 ff4abde9157f 550b9a3f 565f 4565 8e9b 00f7818b59c1 d8471a50 d759 4fcb afc1 5463b7ef9108 521c1bf9 7af2 4ff1 842f e07be010668a 14b3eed9 64da 4a69 b7c0 1a519446608a a58dcd15 d52b 463a 8fd6 eb40efb951fa 06a575f9 ecf9 453e a1f7 68d2f8cdf53e 9a56f089 efe4 4d6e a60d 609f03e56a0c 22efe2c5 da65 4a27 b00c e09c533891b1 934a3af7 244d 46b4 a702 6b73b62c5465 fae2be1f b901 43f0 a323 e0fbfdd55fa8 b5bdc509 f337 426a b7a5 fd4a11781a74 d929de65 8a20 4a85 935b 2ac063238a42 b75e93e0 1203 4de4 b887 4aa0157c3ac0 dd2c2683 28ca 4650 892b 51f4c96b61f8 72b8fc18 56a9 4193 b691 be1c1d160996 c57822a5 e424 4b8d 93bb cc77ed8b2e97 c07ccea4 d1eb 416b b64a 9dc768874992 5b436596 fcc0 44d3 86a7 59725f8565f2