In the first quarter of 2025, mortgage delinquency rates held steady, with only minor fluctuations. While 40% of metropolitan areas reported increases, this mirrors trends from late 2024 and suggests a connection to recent natural disasters. Areas like Asheville and Tampa showed the highest increases in delinquency rates. Despite some rise in serious delinquencies, overall trends indicate a continuation of low rates influenced by the job market and transient effects from disasters. Early-stage delinquencies declined slightly, indicating relative stability in mortgage payments for most borrowers.
"In the first quarter of 2025, mortgage delinquency rates remained low, with roughly 40% of metropolitan areas experiencing increases, similar to late 2024 trends."
"The patterns of delinquency rates are closely tied to local job market conditions and the lingering effects of natural disasters that raise these rates temporarily."
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