Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) decreased to 6.27% from 6.47% in December. The normal rate for delinquencies is around 4.5% to 5%.
The housing market and consumer’s finances in general, continue to improve. This is confirmed by confidence surveys, such as Bloomberg’s Consumer Comfort (which just hit a 7 month high). These integral parts of the economy are healing.