2024 U.S. mortgage delinquency rate rose to 3.48%, a 4.3% increase from August, marking the fourth consecutive monthly increase.
In September 2024, the U.S. mortgage delinquency rate rose to 3.48%, marking a 4.3% increase from August and the fourth consecutive month of increases. Serious delinquencies reached a 16-month high. Despite this, foreclosure activity remains significantly lower than pre-pandemic levels. Contributing factors include rising interest rates, unemployment, and natural disasters. Prepayment rates also increased by 2.5% month-over-month and 43.2% year-over-year.
October 23, 2024
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