Over the course of 2020 and 2021, while COVID-era financial assistance programs were in effect, serious mortgage delinquencies experienced a 75% drop from their pre-pandemic rate.

Fortunately, that figure has remained low even once those programs ended—likely the result of a strong job market and the fact that, despite rising interest rates for new mortgages, most homeowners who bought or refinanced before 2022 were able to lock in low rates. But while mortgage delinquency rates remain low nationally, the concentration of delinquent mortgages varies significantly by location.

Analyzing data from the Consumer Financial Protection Bureau, U.S. Census Bureau, and Zillow, researchers ranked locations based on the percentage of mortgages at least 30 days delinquent as of December 2022.

These are the key takeaways from the report for Georgia:

• During the study period, 2.3% of mortgages in Georgia were at least 30 days delinquent.

• Meanwhile, 0.6% of Georgia mortgages were in serious delinquency (past due by 90 days or more).

• At the national level, 1.9% of mortgages were at least 30 days delinquent, and 0.5% were at least 90 days delinquent.

Overall, Georgia had the 13th highest mortgage delinquency rate in the country.

Geographic Differences in Mortgage Delinquencies

For the full report visit constructioncoverage.com