Mortgage delinquency rate exceeds 3% by end of Q4 2027?

This market will resolve to "Yes" if the mortgage delinquency rate is greater than 3.00% for any quarter from Q3 2026 through Q4 2027. Otherwise, this market will resolve to "No". The mortgage delinquency rate is the delinquency rate on residential real estate loans shown in the "Residential" column under "Real estate loans, Booked in domestic offices" in the Federal Reserve's "Delinquency Rates, All Banks, SA" table (https://www.federalreserve.gov/releases/chargeoff/delallsa.htm). This market