Latest news with #FHA
Forbes
5 days ago
- Business
- Forbes
Today's Mortgage Refinance Rates: July 25, 2025
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. The rate on a 30-year fixed refinance increased to 6.8% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.71%, and for 20-year mortgages, the average is 6.64%. Related: Compare Current Refinance Rates Currently, the average rate for a 30-year, fixed-rate mortgage refinance is 6.8%, up 1.05% from a week ago. Borrowers with a 30-year, fixed-rate mortgage of $100,000 will pay $652 per month for principal and interest at the current interest rate, according to the Forbes Advisor mortgage calculator , not including taxes and fees. Over the life of the loan, the borrower will pay total interest costs of about $135,461. Another way of looking at loan costs is the annual percentage rate, or APR . For a 30-year, fixed-rate mortgage, the APR is 6.83%, higher than last week's 6.76%. The APR is essentially the all-in cost of the home loan. For a 20-year fixed refinance mortgage, the average interest rate is currently 6.64%, compared to 6.53% last week. The APR, or annual percentage rate, on a 20-year fixed mortgage is 6.68%. It was 6.57% last week. At today's interest rate, a 20-year, fixed-rate mortgage refinance of $100,000 would cost $754 per month in principal and interest – not including taxes and fees. That would equal about $81,476 in total interest over the life of the loan. For a 15-year fixed refinance mortgage, the average interest rate is currently 5.71%. A week ago, the 15-year fixed-rate mortgage stood at 5.7%. The APR, or annual percentage rate, on a 15-year fixed mortgage is 5.76%. Last week, it was 5.74%. Based on the current interest rate, a 15-year, fixed-rate mortgage refinance of $100,000 would cost $828 per month in principal and interest—not including taxes and fees. That would equal about $49,551 in total interest over the life of the loan. The average interest rate on the 30-year fixed-rate jumbo mortgage refinance (a loan above the federal conforming loan limit of $806,500 in most places) jumped up week-over-week to 6.98%. A week ago, the average rate was 6.77%. Borrowers with a 30-year fixed-rate jumbo mortgage refinance with today's interest rate will pay $664 per month in principal and interest per $100,000 borrowed. A 15-year, fixed-rate jumbo mortgage refinance is 6.17% on average, down 6.52% from last week. At today's interest rate, a borrower with a 15-year, fixed-rate jumbo refinance would pay $853 per month in principal and interest per $100,000 borrowed. Over the life of the loan, that borrower would pay around $53,787 in total interest. Refinance rates are different from mortgage rates and tend to be slightly higher. The rate difference can vary by program and is something to consider as you compare the best mortgage refinance lenders . In addition to having different refinance rates for conventional, FHA, VA and jumbo applications, cash-out refinance rates are higher as you're borrowing from your available equity. Rates for government-backed loan programs such as FHA and VA mortgage refinances can be lower than a conventional or jumbo refinance, as there is less risk for lenders. Still, you should compare your estimated loan's annual percentage rate (APR), which includes all additional fees and determines the interest charges. When considering a mortgage refinance, compare your current interest rate, mortgage balance and loan term with the new interest rate and term. This comparison helps you estimate your new monthly payment and savings, making it easier to determine if refinancing is the right choice. You may want to refinance your home mortgage , for a variety of reasons: to lower your interest rate, reduce monthly payments or pay off your loan sooner. You may also be able to use a refinance loan to get access to your home's equity for other financial needs, like a remodeling project or to pay for your child's college. If you've been paying private mortgage insurance (PMI), refinancing also may give you the opportunity to ditch that cost. Refinancing your mortgage can make sense if you plan to remain in your home for a number of years. There is, after all, a cost to refinancing that will take some time to recoup. You'll need to know the loan's closing costs to calculate the break-even point where your savings from a lower interest rate exceed your closing costs. You can calculate this by dividing your closing costs by the monthly savings from your new payment. Our mortgage refinance calculator could help you determine if refinancing is right for you. Much like when you shopped for a mortgage when purchasing your home, when you refinance here's how you can find the lowest refinance rate : Maintain a good credit score Consider a shorter-term loan Lower your debt-to-income ratio Monitor mortgage rates A solid credit score isn't a guarantee that you'll get your refinance approved or score the lowest rate, but it could make your path easier. Mortgage refinance lenders are also more likely to approve you if you don't have excessive monthly debt. You also should keep an eye on mortgage rates for various loan terms. They fluctuate frequently, and loans that need to be paid off sooner tend to charge lower interest rates. National average mortgage rates have remained in the middle-to-high 6% range since the final quarter of 2024, and experts expect this trend to continue throughout the first half of 2025. Although forecasting mortgage interest rates is challenging, economic indicators like inflation and unemployment rates can provide insights into the direction of the housing market. For example, if inflation slows and national unemployment levels remain stable or rise, the Federal Reserve may cut the federal funds rate, which could lead to lower mortgage rates. On the other hand, if inflation stays high and unemployment decreases, rates are likely to remain steady. Since mortgage rates are expected to experience minimal movement in the first half of the year, those looking to refinance at a lower rate should consider waiting until later in the year. In the meantime, improving your credit score and making on-time payments will allow you to secure the best possible rate when you begin shopping for refinance offers. Frequently Asked Questions (FAQs) Closing costs for a refinance can be anywhere from 2% to 6% of the cost of the loan. It's always a good idea to ask the lender what kind of closing costs they'll charge before you decide to borrow from them. Most lenders allow you to refinance a mortgage six months after you start paying it off, although some require that you wait 12 months. Contact your lender to be sure. Many lenders refinance your mortgage in about 45 to 60 days, but it depends on the type of mortgage you choose and other factors. Ask your lender what their time frame is before you borrow to make sure it's right for you.
Business Wire
5 days ago
- Business
- Business Wire
Guild Holdings Company Announces Second Quarter 2025 Earnings Details
SAN DIEGO--(BUSINESS WIRE)--Guild Holdings Company (NYSE: GHLD), a growth-oriented mortgage company that employs a relationship-based loan sourcing strategy to execute on its mission of delivering the promise of homeownership, today announced that it will release results for the second quarter ended June 30, 2025 after the market close on Thursday, August 7, 2025. Due to the pending transaction to be acquired by a fund managed by Bayview Asset Management, LLC, the Company will not host a conference call in conjunction with this quarterly press release. For more information on the transaction visit About Guild Holdings Company Guild Mortgage Company, a wholly owned subsidiary of Guild Holdings Company (NYSE: GHLD), was founded in 1960 and is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing. Guild employs a relationship-based loan sourcing strategy to execute on its mission of delivering the promise of homeownership in neighborhoods and communities across 49 states and the District of Columbia. Guild's highly trained loan professionals are experienced in government-sponsored programs such as FHA, VA, USDA, down payment assistance programs and other specialized loan programs. For more information visit Forward-Looking Statements This press release of Guild Holdings Company (the 'Company') contains forward-looking statements that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as 'may,' 'should,' 'could,' 'predict,' 'potential,' 'believe,' 'will likely result,' 'expect,' 'continue,' 'will,' 'anticipate,' 'seek,' 'estimate,' 'intend,' 'plan,' 'projection,' 'would' and 'outlook,' or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Important factors that could cause the Company's actual results to differ materially from those expressed in or implied by forward-looking statements include, but are not limited to, the following: the expected timing and likelihood of completion of the pending merger transaction; the timing, receipt and terms and conditions of any required governmental approvals of the pending transaction that may impose materially burdensome or adverse regulatory conditions, delay the transaction or cause the parties to abandon the transaction; potential legal proceedings that may be instituted against the Company following announcement of the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the risk that the parties may not be able to satisfy the conditions to the pending transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the pending transaction could have adverse effects on the market price of the Company's common stock; and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company to retain and hire key personnel and maintain relationships with its customers, agents or business counterparties, and on its operating results and businesses generally; significant changes to the size, structure, powers, and operations of the federal government and uncertainties regarding the potential for future changes, could cause disruptions to the regulatory environment in which we operate and could adversely impact our business and results of operations; changes in economic conditions, including as a result of macroeconomic policy changes by the U.S. government, may adversely impact our business, financial condition and results of operations; any disruptions in the secondary home loan market and their effects on our ability to sell the loans that we originate at attractive pricing; any changes in macroeconomic and U.S. residential real estate market conditions; any changes in certain U.S. government-sponsored entities and government agencies, and any organizational or pricing changes in these entities, their guidelines or their current roles; any changes in prevailing interest rates or U.S. monetary policies; the effects of any termination of our servicing rights; we depend on our loan funding facilities to fund mortgage loans and otherwise operate our business; the effects of our existing and future indebtedness on our liquidity and our ability to operate our business; any disruption in the technology that supports our origination and servicing platform; our failure to identify, develop and integrate acquisitions of other companies or technologies; pressure from existing and new competitors; any failure to maintain or grow our historical referral relationships with our referral partners; any delays in recovering service advances; any failure to adapt to and implement technological changes; any cybersecurity breaches or other vulnerability involving our computer systems or those of certain of our third-party service providers; our inability to secure additional capital, if needed, to operate and grow our business; the impact of operational risks, including employee or consumer fraud, the obligation to repurchase sold loans in the event of a documentation error, and data processing system failures and errors; any repurchase or indemnification obligations caused by the failure of the loans that we originate to meet certain criteria or characteristics; the seasonality of the mortgage origination industry; any non-compliance with or substantial changes to the complex laws and regulations governing our mortgage loan origination and servicing activities; material changes to the laws, regulations or practices applicable to reverse mortgage programs; our control by, and any conflicts of interest with, McCarthy Capital Mortgage Investors, LLC; our dependence, as a holding company, upon distributions from Guild Mortgage Company LLC to meet our obligations; ability to attract, retain and hire key personnel and maintain relationships with others with whom Guild does business; and the other risks set forth under Item IA. Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as well as other filings the Company may make from time to time with the Securities and Exchange Commission. You should not place undue reliance on any such forward-looking statements. Unless indicated otherwise, the terms 'Guild,' and 'Company' each refer collectively to the Company and its subsidiaries. Any forward-looking statement speaks only as of the date on which it is made, and, except as otherwise required by law, the Company undertakes no obligation to update any forward-looking statement made in this press release. ADDITIONAL INFORMATION AND WHERE TO FIND IT This press release is being made in respect of the pending merger transaction involving Guild. Guild will prepare an information statement for its stockholders containing the information with respect to the transaction specified in Schedule 14C promulgated under the Exchange Act and describing the pending transaction. When completed, a definitive information statement will be mailed to Guild's stockholders. INVESTORS ARE URGED TO CAREFULLY READ THE INFORMATION STATEMENT REGARDING THE PENDING TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PENDING TRANSACTION. These documents will be available at no charge on the SEC's website at In addition, documents will also be available for free on Guild's website at
Globe and Mail
6 days ago
- Business
- Globe and Mail
ICE First Look at Mortgage Performance: Delinquencies Trend Slightly Higher in June as Foreclosure Activity Continues to Rise off Pandemic-Era Lows
ICE Mortgage Technology, neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), today released its June 2025 ICE First Look, which shows that while overall mortgage payment performance remains strong, delinquencies rose on a monthly basis while foreclosures trended notably higher year over year (YoY). Key takeaways from the ICE First Look, which reports on month-end delinquency, foreclosure and prepayment statistics sourced from ICE's loan-level database, include: The national delinquency rate rose by 15 basis points (bps) from May to 3.35% driven by early-stage delinquencies. FHA delinquencies, which tend to experience more seasonality, rose by 41 bps in the month, hitting their highest June level since 2013, excluding the 2020-2021 pandemic-era impact. Serious delinquencies (SDQs) – loans 90+ days past due but not in foreclosure – held steady but are up +8% (35K) YoY, with FHA loans now accounting for +51% of all SDQs nationwide. Foreclosure activity continues to rise off pandemic-era lows with the share of loans in active foreclosure up +10% from the same time last year. Foreclosure starts and sales both rose YoY in each of the past four months. Prepayment activity, measured in single month mortality, slipped by 6 bps to 0.65% on higher rates, although it remains up +22% from the same time last year. Data as of June 30, 2025 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.35% Month-over-month change: 4.74% Year-over-year change: -3.80% Total U.S. foreclosure pre-sale inventory rate: 0.38% Month-over-month change: 0.20% Year-over-year change: 9.90% Total U.S. foreclosure starts: 31,000 Month-over-month change 9.68% Year-over-year change: 36.50% Monthly prepayment rate (SMM): 0.65% Month-over-month change: -8.74% Year-over-year change: 21.91% Foreclosure sales: 6,300 Month-over-month change: -9.70% Year-over-year change: 18.17% Number of properties that are 30 or more days past due, but not in foreclosure: 1,834,000 Month-over-month change: 90,000 Year-over-year change: -39,000 Number of properties that are 90 or more days past due, but not in foreclosure: 466,000 Month-over-month change: 0 Year-over-year change: 35,000 Number of properties in foreclosure pre-sale inventory: 208,000 Month-over-month change: 1,000 Year-over-year change: 22,000 Number of properties that are 30 or more days past due or in foreclosure: 2,042,000 Month-over-month change: 91,000 Year-over-year change: -17,000 Top 5 States by Non-Current* Percentage Louisiana: 7.78% Mississippi: 7.63% Alabama: 5.73% Indiana: 5.25% Arkansas: 5.23% Bottom 5 States by Non-Current* Percentage California: 2.23% Montana: 2.20% Colorado: 2.14% Idaho: 2.01% Washington: 2.00% Top 5 States by 90+ Days Delinquent Percentage Mississippi: 1.93% Louisiana: 1.87% Alabama: 1.45% Arkansas: 1.33% Georgia: 1.31% Top 5 States by 12-Month Change in Non-Current* Percentage Maine: -3.31% New York: -3.67% Rhode Island: -3.35% Nebraska: -3.33% Hawaii: -2.31% Bottom 5 States by 12-Month Change in Non-Current* Percentage Florida: 4.21% Georgia: 5.05% Montana: 2.20% Arizona: 3.05% Utah: 2.96% *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Notes: 1) Totals are extrapolated based on ICE's loan-level database of mortgage assets. 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts and sales, which are rounded to the nearest hundred. The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at by August 11, 2025. For more information about gaining access to ICE's loan-level database, please send an email to ICE-MortgageMonitor@ About the ICE First Look ICE maintains the nation's leading repository of loan-level residential mortgage data and performance information – which covers the majority of the U.S. market – including tens of millions of loans across the spectrum of credit products and more than 230 million historical records. In addition, the company maintains a robust public property records database that covers 99.9% of the U.S. population and households from more than 3,100 counties. ICE's research experts carefully analyze this data to produce the First Look, a monthly summary of month-end delinquency, foreclosure and prepayment statistics. About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025.
Business Wire
6 days ago
- Business
- Business Wire
ICE First Look at Mortgage Performance: Delinquencies Trend Slightly Higher in June as Foreclosure Activity Continues to Rise off Pandemic-Era Lows
ATLANTA & NEW YORK--(BUSINESS WIRE)--ICE Mortgage Technology, neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), today released its June 2025 ICE First Look, which shows that while overall mortgage payment performance remains strong, delinquencies rose on a monthly basis while foreclosures trended notably higher year over year (YoY). Key takeaways from the ICE First Look, which reports on month-end delinquency, foreclosure and prepayment statistics sourced from ICE's loan-level database, include: The national delinquency rate rose by 15 basis points (bps) from May to 3.35% driven by early-stage delinquencies. FHA delinquencies, which tend to experience more seasonality, rose by 41 bps in the month, hitting their highest June level since 2013, excluding the 2020-2021 pandemic-era impact. Serious delinquencies (SDQs) – loans 90+ days past due but not in foreclosure – held steady but are up +8% (35K) YoY, with FHA loans now accounting for +51% of all SDQs nationwide. Foreclosure activity continues to rise off pandemic-era lows with the share of loans in active foreclosure up +10% from the same time last year. Foreclosure starts and sales both rose YoY in each of the past four months. Prepayment activity, measured in single month mortality, slipped by 6 bps to 0.65% on higher rates, although it remains up +22% from the same time last year. Data as of June 30, 2025 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.35% Month-over-month change: 4.74% Year-over-year change: -3.80% Total U.S. foreclosure pre-sale inventory rate: 0.38% Month-over-month change: 0.20% Year-over-year change: 9.90% Total U.S. foreclosure starts: 31,000 Month-over-month change 9.68% Year-over-year change: 36.50% Monthly prepayment rate (SMM): 0.65% Month-over-month change: -8.74% Year-over-year change: 21.91% Foreclosure sales: 6,300 Month-over-month change: -9.70% Year-over-year change: 18.17% Number of properties that are 30 or more days past due, but not in foreclosure: 1,834,000 Month-over-month change: 90,000 Year-over-year change: -39,000 Number of properties that are 90 or more days past due, but not in foreclosure: 466,000 Month-over-month change: 0 Year-over-year change: 35,000 Number of properties in foreclosure pre-sale inventory: 208,000 Month-over-month change: 1,000 Year-over-year change: 22,000 Number of properties that are 30 or more days past due or in foreclosure: 2,042,000 Month-over-month change: 91,000 Year-over-year change: -17,000 *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Notes: 1) Totals are extrapolated based on ICE's loan-level database of mortgage assets. 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts and sales, which are rounded to the nearest hundred. Expand The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at by August 11, 2025. For more information about gaining access to ICE's loan-level database, please send an email to ICE-MortgageMonitor@ About the ICE First Look ICE maintains the nation's leading repository of loan-level residential mortgage data and performance information – which covers the majority of the U.S. market – including tens of millions of loans across the spectrum of credit products and more than 230 million historical records. In addition, the company maintains a robust public property records database that covers 99.9% of the U.S. population and households from more than 3,100 counties. ICE's research experts carefully analyze this data to produce the First Look, a monthly summary of month-end delinquency, foreclosure and prepayment statistics. About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Category: Mortgage Technology
Newsweek
18-07-2025
- Business
- Newsweek
Map Shows Where Homeowners Are Behind on Mortgage Payments
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. With rising property taxes and surging home insurance premiums, homeowners are struggling to keep hold of their properties, as shown by a recent increase in serious mortgage delinquencies across the United States. Serious mortgage delinquency rates started climbing across the country in mid-2024, reversing a trend of steady declines established in the previous three years, according to a new report by Cotality. Almost all states saw a slight uptick—but in some, including Louisiana, Florida, and Georgia, delinquency rates skyrocketed over the past year. What Is a Serious Delinquency? A serious delinquency happens when a mortgage loan is 90 days or more past due. At that point, a bank considers the mortgage in danger of default and can take possession of the property to recoup losses. While banks would usually try to work out a solution with borrowers, homeowners stand to lose their home if they fall so much behind on payments. Where Did Serious Delinquency Rates Rise the Most Over the Past Year? The biggest year-over-year increase in serious delinquencies in the nation was reported in Louisiana, where rates went up by an overall 1.87 percent for all loans. More specifically, conventional loans saw an uptick in serious delinquencies of 1.25 percent; FHA loans of 3.96 percent; and VA loans of 5.44 percent. It was followed by Florida, with a 1.43 percent year-over-year increase for all loans; Oklahoma, with 1.24 percent; Georgia, with 1.12 percent; Texas, with 1.11 percent; Indiana, with 1.09 percent; South Carolina, with 1.05 percent; North Carolina, with 0.83 percent; Nebraska, with 0.81 percent; and Colorado, with 0.55 percent. Why Are Serious Delinquency Rates Going Up? Even homeowners who are dealing with relatively cheaper monthly payments are struggling with the higher cost of homeownership, due in part to the explosion in property values linked to the COVID-19 pandemic homebuying frenzy and in part to the increased frequency of particularly devastating extreme weather events. Colorado, Georgia and Florida, which experienced the three highest year-over-year increases in serious delinquency rates between 2024 and 2025, also reported the highest jumps in property taxes between 2019 and 2024, according to Cotality data. In Colorado, property taxes surged by 52.9 percent in those five years; in Georgia, by 51.5 percent; in Florida, by 47.5 percent. In Texas and California, property taxes also increased by over 30 percent within the same time frame. These same states—which are particularly vulnerable to an array of natural disasters ranging from hurricanes to wildfires and flooding—have faced steep increases in homeowner insurance rates over the past five years. Not only do insurers want to charge more to keep up with higher catastrophe exposures, but homeowners in these states have also faced shrinking availability due to carriers withdrawing from the most at-risk areas. In South Carolina, a total of 14 insurers ran out of funds between 2020 and 2023, leaving homeowners scrambling for options in the private market. The highest overall delinquency rate, however, was reported in Mississippi, a state which also has the lowest median household income and is among the top 15 states at risk of storm surge damage from hurricanes, according to Cotality data.
