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You May Have Too Much Debt, But You’re Doing A Good Job of Paying It!

You May Have Too Much Debt, But You’re Doing A Good Job of Paying It!

| Aug 04, 2015 | Housing Market

This blog just reported yesterday on the high non-Mortgage debt that most Americans are carrying these days, seemingly led by auto-related debt. But while that may be true, it doesn’t seem to be keeping all of you from making your payments, which is great news for everyone! The 30-day Mortgage delinquency rate fell to 4.82% in June, down 2.9% from May and 15.5% from a year earlier. Not only that, but Foreclosure starts were also down: 3.5% month-over-month, and 10.5% year-over-year. All statistics from mortgage Servicing News.

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