WASHINGTON – The mortgage delinquency rate in Texas dropped 190 basis points year over year to 5.48 percent in third quarter 2018, according to the Mortgage Banker Association's National Delinquency Survey.
Texas' fourth quarter delinquency rate was still 43 basis points higher than the pre-hurricane second quarter 2017 results.
Mortgage delinquency had hit 7.38 and 7.33 percent in third quarter and fourth quarter 2017, respectively, after Hurricane Harvey hit Texas.
In second quarter 2018, the state's mortgage delinquency rate was 5.36 percent.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.