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Mortgage delinquencies rise as prepayments hit a 17-month low
In ICE’s August 2026 First Look, serious delinquencies increased by 11,000 to 574,000, even as foreclosure activity stayed below pre-pandemic levels.
HousingWire reports that Intercontinental Exchange (ICE) said the national mortgage delinquency rate rose 14 basis points to 3.53% in August, attributing the increase largely to calendar effects. ICE also said the rate was effectively flat after adjusting for the prior month’s calendar-related decline.
According to ICE’s August 2026 First Look report released Monday, serious delinquencies climbed by 11,000 to 574,000. The outlet added that foreclosure activity remained below pre-pandemic levels.
HousingWire further reported that prepayment speeds fell to 0.64%, the lowest level in 17 months. It said early-stage delinquencies, loans 30 and 60 days past due, increased during the month but were still below year-ago levels, with about 21,000 fewer loans in those categories than a year earlier.