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New Mortgage Milestones

New Mortgage Milestones

| Nov 18, 2015 | Uncategorized

The third quarter turned in some more positive results on the housing industry as a whole, and Mortgage borrowing in particular. The Globe and Mail reported on two key milestones yesterday. First, as of September 30th, the Mortgage delinquency rate was 4.99%. Second, for that same date, the percentage of mortgages in Foreclosure was 1.88%. Those were firsts since 2007 that those rates were below 5% and 2%, respectively. They went on to forecast higher earnings for American homeowners.

 

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