<ul><li>Mortgage delinquencies are rising for loans popular with first-time homebuyers.</li><li>Data from the Mortgage Bankers Association shows a steep increase in delinquency rates for Federal Housing Administration (FHA) loans and loans offered by the Department of Veteran Affairs (VA).</li><li>The seriously delinquent rate for FHA loans rose 70 basis points and for VA loans rose 57 basis points compared to one year ago.</li><li>Headwinds such as inflation, falling personal savings rates, natural disasters, and rising debt, taxes, and insurance payments are impacting first-time homebuyers.</li></ul>

A jump in delinquencies in a corner of the mortgage market suggests first-time homebuyers may be struggling

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