Mortgage Default Rate Statistics [Fresh Research]

With sources from:,,, and many more

In this post, we explore various statistics related to mortgage default rates in different regions, shedding light on trends and patterns that have emerged in recent years. From the impact of the global pandemic to specific insights from countries like the US, Ireland, and Australia, these statistics offer a comprehensive overview of the challenges and dynamics within the mortgage market.

Statistic 1

"In Q4 2020, the mortgage default rate in the US was 0.69%."

Sources Icon

Statistic 2

"Mortgage default rates hit a low of 0.4% in 2020 Q1 before the pandemic."

Sources Icon

Statistic 3

"Prior to the 2008 crisis, the peak mortgage default rate was 10.06% in Q1 2010."

Sources Icon

Statistic 4

"By Q3 2020, 3.4 million mortgages (6.3% of total) were in forbearance plans, combatting potential default rates."

Sources Icon

Statistic 5

"In Ireland, the mortgage default rate was 5.4% in Q4 2019."

Sources Icon

Statistic 6

"Western Australia had a mortgage default rate of 1.71% in September 2020."

Sources Icon

Statistic 7

"In 2019, 42.8% of all mortgage defaults in the US were related to job loss."

Sources Icon

Statistic 8

"FHA-backed loans had a default rate of 2.07% in Q4 2020."

Sources Icon

Statistic 9

"Texas had a mortgage default rate of 1.67% in Q3 2020."

Sources Icon

Statistic 10

"Mortgage default rates were the lowest for conventional loans (0.55%) compared to other types in Q4 2019."

Sources Icon

Statistic 11

"In Q4 2020, mortgage default rates were the highest for borrowers who had a loan-to-value ratio of more than 100%."

Sources Icon

Statistic 12

"Rural areas reported a 5.5% mortgage default rate as of June 2020."

Sources Icon

Statistic 13

"In Canada, the mortgage default rate remained steady at 0.28% in Q2 2020."

Sources Icon

Statistic 14

"In the UK, the mortgage default rate was 0.11% in Q2 2020."

Sources Icon


Overall, the mortgage default rates in the US have shown notable fluctuations over time, with a substantial decrease during the first quarter of 2020, followed by a slight increase in the fourth quarter of the same year. The presence of forbearance plans has helped mitigate potential default rates, with a significant proportion of mortgage defaults in the US attributed to job loss. Additionally, the type of loan and borrower characteristics such as loan-to-value ratio have been associated with varying default rates. Comparatively, other countries like Ireland, Australia, Canada, and the UK have demonstrated different trends in their mortgage default rates, highlighting the importance of understanding regional variations in mortgage markets.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!