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Mortgage Delinquencies Surge Amid Affordability Crisis

2/2/2026

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Summary

Story summary

Late-stage mortgage delinquencies rose 18.6% in December 2025 to about 0.2% of loans, per VantageScore.
The rate remains below the 2008 crisis and signals affordability concerns.
The median price for single-family homes was $409,500 in December 2025.
Mortgage rates would need to drop to 2.65% to restore affordability.
Income would need to rise 56% or home prices would fall 35%.

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Story summary

Late-stage mortgage delinquencies rose 18.6% in December 2025 to about 0.2% of loans, per VantageScore.
The rate remains below the 2008 crisis and signals affordability concerns.
The median price for single-family homes was $409,500 in December 2025.
Mortgage rates would need to drop to 2.65% to restore affordability.
Income would need to rise 56% or home prices would fall 35%.