Key facts
- National delinquency rate rose 12 basis points to 3.66% in September.
- Active foreclosure inventory increased 37% to its highest level since early 2019.
- Loans originated in 2022 or later accounted for 49% of completed foreclosure sales in September.
The national mortgage delinquency rate increased to 3.66% in September, according to Intercontinental Exchange (ICE)'s First Look report. This rise, while in line with seasonal norms, occurred as active foreclosure inventory climbed 37% to its highest point since early 2019. Despite the increase in delinquencies and foreclosures, the overall rate remains below pre-pandemic levels. Loans originated in 2022 or later represented a significant portion of foreclosure activity, accounting for 49% of completed sales. Meanwhile, mortgage prepayment speeds continued to decline for the sixth consecutive month, reaching their lowest level since February 2025.