Delinquency Rate Sees Abrupt Increase...!!!

After five months of declines, the national mortgage delinquency rate reversed course in June, according to data from Lender Processing Services (LPS).

From May to June, the delinquency rate shot up by 9.9 percent, ending at 6.7 percent, LPS reported. The abrupt increase  in delinquency rate represents the highest level since February of this year. However, prior to February, the delinquency rate is still at its lowest point in over four years.