Texas Has the 6th Highest Mortgage Delinquency Rate in the U.S.

The COVID-19 pandemic initially increased unemployment, prompting the CARES Act to offer temporary homeowner protections. As the economy adapted, inflation and rising home prices have posed new challenges, making mortgage payments harder. National mortgage debt surpasses $12.5 trillion, with delinquency rates rising due to high interest rates and the end of federal aid. Geographic disparities are evident, with higher delinquency rates in the South and lower on the West Coast. Texas has a 3.3% delinquency rate for mortgages over 30 days.