Mortgage delinquency* and foreclosure rates have reached their lowest point in 20 years (in the USA alone). 4.1 percent of mortgages were in some kind of delinquent breach (in November 2018). [Source]
This has been a consequence of the solid rise in home equity, and the fall of high risk loans in the market, generating a secure and solid base for old and new homeowners looking for a mortgage.
*Mortgage delinquency occurs when a borrower fails to facilitate the necessary payments stated on a loan contract. Loans are dependent of the due dates of scheduled payments. Failing to establish payment gives the lender permission to start the foreclosure proceeding, of course, the lender can help the borrower prevent it via a number of options.