Mortgage Delinquencies Eased in Q2 | “Your dream home, guided by a local team you can trust.”

Overall mortgage delinquency eased to ~4% of outstanding loans in Q2, improving from Q1, yet it still stood noticeably higher on a yearly basis.
Loans in the foreclosure process reached ~0.7%, higher quarterly and yearly, even as foreclosure starts eased to ~0.2%, signaling mixed movement across late-stage mortgage stress.
30- and 60-day rates improved, but 90-day delinquencies ticked up and serious delinquencies increased for a fourth straight quarter, showing later-stage stress persisted.
Delinquencies improved quarterly across conventional and government-backed loans, but each stayed above year-ago levels, with one government-backed segment showing especially strong strain.
An expert tied the trend to softer labor conditions, rising consumer debt strain, stretched affordability, and slower home equity buildup that could add pressure.