Study San Antonio, South Texas metros have nation's highest rates of delinquent mortgages

San Antonio ranks first in the U. S. for mortgage delinquencies, with 4. 3% of homeowners more than 30 days behind on payments, according to data from Construction Coverage. The severe delinquency rate, which is over 90 days late, is significantly lower at 1%.

McAllen and Laredo also report high delinquency rates, with 6. 7% and 10. 3% of homeowners, respectively, struggling to meet their mortgage obligations. For context, the national average for such delinquencies was approximately 11. 5% during the 2008 financial crisis.

The report indicates that delinquency rates for other loan types, including auto and student loans, have also surpassed pre-pandemic levels. Mortgage loans make up over 70% of U. S. household debt, totaling more than $12. 9 trillion.

These trends emerge amid a slowing economy, higher import costs due to tariffs, and uncertainty in policy and labor markets. Experts from Deloitte suggest that these economic factors contribute to the rising delinquency rates in South Texas.