In this article, we will list 10 states with highest mortgage delinquency rates. If you want to read our discussion about the latest news and trends in real estate prices and mortgage delinquencies, go to 25 States with Highest Mortgage Delinquency Rates.
10 – Maine
Q4, 2023, 90-Day Mortgage Delinquency Rate: 0.71%
3-Year Change in Mortgage Delinquency Rate: 27.33%
Maine is 10th on our list of the 25 states with the highest mortgage delinquency rates. However, its 90-day mortgage delinquency rate decreased by 27% in the last three years. Maine is also a part of our list of the 25 states with the highest credit score in 2023.
9 – Indiana
Q4, 2023, 90-Day Mortgage Delinquency Rate: 0.72%
3-Year Change in Mortgage Delinquency Rate: 19.65%
Indiana is among the top 10 states with the highest mortgage delinquency rates. Its 90-day mortgage delinquency rate in Q4, 2020 was 0.60%.
8 – Pennsylvania
Q4, 2023, 90-Day Mortgage Delinquency Rate: 0.74%
3-Year Change in Mortgage Delinquency Rate: 10.97%
Pennsylvania’s 90-day mortgage delinquency rate increased by 13% in 2023. It was 0.66% in Q4, 2022 and 0.74% in Q4, 2023.
7 – Maryland
Q4, 2023, 90-Day Mortgage Delinquency Rate: 0.75%
3-Year Change in Mortgage Delinquency Rate: 6.61%
Maryland had a 0.71% 90-day mortgage delinquency rate in Q4, 2020 and 0.75% in Q4, 2023, making it one of the states with the highest mortgage delinquency rates.
6 – New Mexico
Q4, 2023, 90-Day Mortgage Delinquency Rate: 0.79%
3-Year Change in Mortgage Delinquency Rate: 10.89%
New Mexico, although among the top 10 states with the highest mortgage delinquency rates, managed to lower its 90-day mortgage delinquency rate over three years. However, despite this, it is among the 10 states with the lowest FICO scores in 2023.
5 – Connecticut
Q4, 2023, 90-Day Mortgage Delinquency Rate: 0.79%
3-Year Change in Mortgage Delinquency Rate: 32.68%
Among all the states on our list, Connecticut showed the greatest decrease in mortgage delinquency rates over three years. Its Q4, 2020 90-day mortgage delinquency rate was 1.17% which showed a decrease in every subsequent year until Q4, 2023. It is not a surprise, therefore, that Connecticut is part of our list of the 25 states with the highest credit scores.
4 – New Jersey
Q4, 2023, 90-Day Mortgage Delinquency Rate: 0.88%
3-Year Change in Mortgage Delinquency Rate: 15.31%
New Jersey is among the top 5 states with the highest mortgage delinquency rates. However, it is among the nine states on our list that showed a decrease in 90-day mortgage delinquency rates over 3 years. Consequently, it is also a part of our list of states with the highest credit scores.
3 – Oklahoma
Q4, 2023, 90-Day Mortgage Delinquency Rate: 0.99%
3-Year Change in Mortgage Delinquency Rate: 18.57%
Oklahoma ranks third on our list of states with the highest mortgage delinquency rates. It is also among the ten states with the lowest FICO credit scores in 2023.
2 – Mississippi
Q4, 2023, 90-Day Mortgage Delinquency Rate: 1.08%
3-Year Change in Mortgage Delinquency Rate: 16.01%
Mississippi is among the top 3 states with the highest mortgage delinquency rates. It is also among the 2 states with 90-day mortgage delinquency rates higher than 1%.
1 – New York
Q4, 2023, 90-Day Mortgage Delinquency Rate: 1.16%
3-Year Change in Mortgage Delinquency Rate: 6.73%
New York tops our list of the states with the highest mortgage delinquency rate. However, New York managed to decrease its 90-day mortgage delinquency over the last three years.
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