Why mortgage delinquencies are at a 12-year low

There’s a lot of talk about a looming recession in the U.S. economy. But according to one data point, the economy looks pretty healthy.

Mortgage delinquency rates, for single- to four-family properties, have been declining since the Great Recession. At 2.59% in second quarter of this year, according to the Federal Reserve, the rate is at its lowest level since 2007.