New data from WalletHub reveals a troubling upward trend in mortgage delinquency—not just nationally, but in Minneapolis specifically. Comparing the first and second quarters of 2025, the study shows that delinquency rates climbed in 87 of the country’s 100 largest cities.
In Minneapolis, 8.50% of mortgages were delinquent in Q2 2025, which represents a 7.17% increase from the previous quarter.
Nearby metro areas also saw increases:
• Milwaukee: 12.26% delinquent (up 0.32%)
• Chicago: 7.90% (up 9.52%)
• Des Moines: 5.96% (up 7.04%)
• Kansas City: 10.01% (up 11.88%)
WalletHub analysts note that even the worst-off cities are getting worse. For example, Laredo, Texas, which has the highest delinquency rate in the country, saw nearly a 6% rise between Q1 and Q2 despite already being at 23.85% delinquent.
Why It Matters:
• The rise indicates growing financial stress among homeowners, even in relatively stable housing markets like Minneapolis.
• This could have ripple effects on foreclosures, housing stability, and community health if the trend continues.
• Policymakers, lenders, and community organizations may need to step in with support or intervention
https://wallethub.com/edu/cities-mortgage-delinquency-rates/141263