ICE Mortgage Technology, a division of Intercontinental Exchange Inc., has released its December 2025 analysis of U.S. mortgage performance, highlighting shifting trends in delinquencies, foreclosures, and prepayments. The report notes that lower interest rates in December drove a surge in refinance activity, pushing prepayment rates close to multi-year highs. Nationally, early-stage mortgage delinquencies improved, with the overall delinquency rate dropping to 3.68%, below both last year’s level and pre-pandemic figures. However, late-stage delinquencies (loans 90 or more days past due) climbed to their highest point in nearly three years, and foreclosure activity increased, particularly among FHA and VA loans. The analysis also identifies regional trends, with states like Hawaii and South Carolina seeing the largest declines in non-current loan percentages, while Maryland and Utah experienced the greatest increases. The full Mortgage Monitor report, including detailed data and trend analysis, is available on ICE Mortgage Technology’s website.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICE - Intercontinental Exchange Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260126881841) on January 26, 2026, and is solely responsible for the information contained therein.