If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a
Don’t Expect a Wave of Foreclosures
Dated: August 21 2023
Views: 84
Some Highlights
- With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely.
- Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments.
- Since most are paying on time, a wave isn’t coming. If you're concerned about a flood of foreclosures, the data shows that's not likely.
Dave Winters
People and Their Concerns, Not Just Another Transaction Dave has been a top producing, Utah real estate agent for more than 28 years, with expertise in the “heart of the valley”. From The ....
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