Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released this week showing that foreclosure activity and mortgage delinquencies are rising.

According to the Mortgage Bankers Association (MBA), the second-quarter 2024 delinquency rate for mortgages on one- to four-unit residential properties increased to 3.97% on a seasonally adjusted basis.

Meanwhile, the July foreclosure report from Attom sends similar signals of rising distress. The company’s data shows that foreclosure filings of all types were up 15% month over month, although they were only 0.2% higher relative to details ⇒

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