Mortgage Delinquency Rates for United States
Q09084USQ507NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.15
Year-over-Year Change
91.67%
Date Range
7/1/1953 - 4/1/1963
Summary
The Mortgage Delinquency Rates for the United States measure the percentage of mortgage loans that are 90 days or more past due. This trend is a key indicator of mortgage market and consumer financial health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Mortgage Delinquency Rates track the percentage of mortgage loans that are seriously delinquent, meaning they are 90 days or more past due. This metric provides insight into the mortgage market and overall consumer financial stability, which is crucial for policymakers and analysts.
Methodology
The data is collected and calculated by the Federal Reserve using loan-level information from credit reporting agencies.
Historical Context
Mortgage delinquency rates are closely monitored by the Federal Reserve, lenders, and policymakers to assess credit market conditions and consumer financial wellbeing.
Key Facts
- Mortgage delinquency rates peaked at 11.5% during the 2008 financial crisis.
- Delinquency rates have steadily declined since the crisis, reaching 1.7% as of Q4 2021.
- Mortgage delinquency is a leading indicator of broader consumer credit health.
FAQs
Q: What does this economic trend measure?
A: The Mortgage Delinquency Rates measure the percentage of mortgage loans that are 90 days or more past due, providing insight into mortgage market and consumer financial conditions.
Q: Why is this trend relevant for users or analysts?
A: Mortgage delinquency rates are a crucial indicator of consumer credit health and mortgage market stability, which is closely monitored by policymakers, lenders, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve using loan-level information from credit reporting agencies.
Q: How is this trend used in economic policy?
A: Mortgage delinquency rates are used by the Federal Reserve, lenders, and policymakers to assess credit market conditions and consumer financial wellbeing, which informs policy decisions.
Q: Are there update delays or limitations?
A: The Mortgage Delinquency Rates data is published quarterly with a relatively short delay, providing timely insights into the mortgage market.
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Citation
U.S. Federal Reserve, Mortgage Delinquency Rates for United States (Q09084USQ507NNBR), retrieved from FRED.