Iowa Mortgage Delinquency Rate Is Lower Than U.S. Average

The COVID-19 pandemic led to increased unemployment, resulting in temporary homeowner protections under the CARES Act. As the economy shifts, homeowners struggle with rising inflation and home prices, complicating mortgage payments. U.S. mortgage debt surpasses $12.5 trillion, with delinquency rates climbing due to high interest rates and the cessation of financial aid. Delinquency rates vary geographically, with the South experiencing higher rates than the West Coast. Iowa's rates are 2.3% for 30+ days and 0.6% for 90+ days.