Description
The United States All Commercial Banks Delinquency Rate - Single-Family Residential Mortgages is released by the Federal Reserve System (Fed) and measures the proportion of single-family residential mortgage loans held by U.S. commercial banks that are delinquent. A single-family residential mortgage is a loan secured by a borrower's purchase or refinancing of a single-family home, including detached houses, townhouses, or condominiums.
An increase in the delinquency rate typically indicates that borrowers are experiencing financial difficulties and are unable to make timely mortgage payments, which may signal rising economic stress or a weakening real estate market. Conversely, a decline in the delinquency rate suggests an improvement in loan quality and stability in the economic and real estate conditions.
This data is released quarterly, providing insights into changes in the delinquency rate from the previous quarter.