Delinquency Rate on Single-Family Residential Mortgages (90+ days)
Mortgage loans 90+ days past due
What is the current Delinquency Rate on Single-Family Residential Mortgages (90+ days)?
The serious mortgage delinquency rate on single-family residential loans was 1.8% in Q4 2025, according to the Federal Reserve Board (FRED series DRSFRMACBS). This measures loans 90+ days past due at all commercial banks — the threshold where foreclosure proceedings typically begin. The current rate is stable and well below the 11.4% crisis peak in Q1 2010, but represents the conventional mortgage universe only. FHA-insured loans, tracked separately, show 11.52% delinquency — a 6.5x multiplier that the blended national rate obscures. Source: Board of Governors via FRED (DRSFRMACBS).
Mortgage serious delinquency has been flat near 1.78% for two years — historically low, and the quietest data point in the distress picture.
This cycle's distress is showing up almost everywhere except the mortgage book. That's the headline of the data, and it's the point.
The Board of Governors' 90-day mortgage delinquency rate has sat between 1.70% and 1.79% for every quarter since Q1 2023. That's a historically quiet range. For comparison, the rate hit 11.49% at the GFC peak in Q1 2010 and ran above 10% for three full years afterward. Today's reading is one-sixth of that.
The explanation is vintage, not household health. The mortgage book is mostly old. Mortgage Originations are running at half the 2021 pace. Homeowners locked in at 3% rates are not selling, not refinancing, and not defaulting — the payment is manageable because it was underwritten in a different universe. The distress that would otherwise show up here is landing in Credit Card Delinquency at 2.94%, in Auto Loan Serious Delinquency near its GFC peak, and in Credit Card Charge-Offs at the highest pace since 2011.
A rate-locked mortgage book is unusually stable. It is also blind to what's happening to the newer borrowers — the FHA buyers, the 2024-2025 originations — who don't have the 3% buffer protecting them. First Missed is the series to watch. It's already ticked back up from 0.6% to 0.7%.
Explore Further
How has Delinquency Rate on Single-Family Residential Mortgages (90+ days) changed over time?
Most affected counties
Counties with the highest consumer credit distress scores in the County Distress Index.
Explore all 3,144 counties →| Period | Value | YoY Change |
|---|---|---|
| Q4 2025 | 1.78% | +0.0 pts |
| Q3 2025 | 1.78% | +0.0 pts |
| Q2 2025 | 1.79% | +0.1 pts |
| Q1 2025 | 1.78% | +0.1 pts |
| Q4 2024 | 1.77% | +0.1 pts |
| Q3 2024 | 1.74% | +0.0 pts |
| Q2 2024 | 1.73% | +0.0 pts |
| Q1 2024 | 1.71% | −0.0 pts |
| Q4 2023 | 1.7% | −0.1 pts |
| Q3 2023 | 1.72% | −0.1 pts |
| Q2 2023 | 1.72% | −0.2 pts |
| Q1 2023 | 1.74% | −0.3 pts |
Frequently Asked Questions
What is the current mortgage delinquency rate?
The serious mortgage delinquency rate (90+ days past due) on single-family residential loans at commercial banks was 1.8% in Q4 2025, per the Federal Reserve Board (FRED DRSFRMACBS). This covers conventional mortgages held by commercial banks — not FHA-insured loans, which are tracked separately.
Why does FHA delinquency matter more than the headline rate?
FHA-insured mortgage delinquency was 11.52% in Q4 2025 — 6.5 times the conventional rate of 1.8%. FHA borrowers are predominantly first-time buyers with lower incomes and smaller down payments. Their delinquency rate is a leading indicator of broader default trends because they are the first to feel economic pressure.
How does mortgage delinquency connect to the American Distress Index?
Mortgage delinquency is a component of the ADI's Debt Stress dimension, which carries 41.6% of the composite score — the largest share of any component. Cross-correlation analysis shows that Buffer Depletion (savings rate + debt service) leads mortgage delinquency by approximately 9 quarters — making the current low conventional rate potentially misleading if buffer indicators continue to deteriorate.
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