Florida’s Mortgage Delinquency Rate Is Lower Than the National … – Cleburne Times

The CARES Act provided relief options for federally-backed mortgages during the pandemic, which helped keep Americans in their homes. Mortgage loans make up a significant portion of household debt. Financial assistance programs reduced delinquency rates, but missed payments have increased with the end of these programs. Delinquency rates vary by location, with the South and East Coast having the highest rates. In Florida, 1.5% of mortgages are 30+ days delinquent, while nationally it is 1.9%.