Sections

Weather Forecast

Close

SD Class B State Amateur Tournament first-round pairings

Advertisement

Dakotas have lowest mortgage delinquency rates in nation

Email Sign up for Breaking News Alerts
News Mitchell,South Dakota 57301 http://www.mitchellrepublic.com/sites/all/themes/mitchellrepublic_theme/images/social_default_image.png
The Daily Republic
(605) 996-5020 customer support
Dakotas have lowest mortgage delinquency rates in nation
Mitchell South Dakota 120 South Lawler 57301

The Dakotas have the lowest rate of noncurrent home mortgages in the country, according to a new report.

Black Knight Financial Services' July report notes North Dakota at a 2.56 percent noncurrent rate and South Dakota at 3.6 percent, the two lowest rates in the nation. Fellow Northern Plains state Montana was fourth lowest with a 3.94 percent delinquency rate.

Advertisement
Advertisement

The national delinquency average is 5.64 percent. Black Knight considers delinquency as a mortgage payment more than 30 days overdue but the home is not in foreclosure.

According to the report, Mississippi has the highest delinquency rate at 14.2 percent, followed by New Jersey at 12.44 percent.

Advertisement
Advertisement
Advertisement
randomness