U.S. mortgage delinquency rate rises to 3.66% in September, ICE reports
ICE•U.S. mortgage delinquencies rose 12 basis points to 3.66% in September 2026. Foreclosure pre-sale inventory climbed 35.53% year over year to 303,000 properties, its highest level since early 2019.
1. Delinquencies and foreclosures
Mortgage delinquencies rose 12 basis points to 3.66% in September, broadly matching seasonal norms. Foreclosure pre-sale inventory increased 35.53% year over year to 303,000 properties, its highest level since early 2019. Loans originated in 2022 or later accounted for 43% of foreclosure starts and 49% of completed sales.
2. Serious delinquencies and prepayments
Serious delinquencies rose 21% year over year but remained 5% below their February peak. Mortgage prepayment speeds fell to a 19-month low of 0.59%, as elevated mortgage rates continued to suppress activity.
