Wednesday, August 19, 2020

Mortgage delinquencies rising fast

https://wolfstreet.com/2020/08/17/mortgage-delinquencies-jump-by-most-ever-60-day-delinquencies-hit-highest-level-ever-record-16-of-fha-mortgages-delinquent-what-a-mess/

 

Despite very low mortgage rates, delinquencies are rising at a record rate. In Miami, 14% of mortgages are at least 30 days overdue.

 

Charlie Cooper

 

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