Mortgage delinquencies double
Top news right now: American households have accumulated nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession. Mortgage debt has now surpassed $12.0 trillion, while student and automotive debt are each $1.6 trillion. Credit card debt is nearing $1.0 trillion. Delinquencies for mortgage, auto, and credit card debt have all risen over the past year, with some doubling. High mortgage rates, caused by actions from the Federal Reserve meant to combat inflation, have decreased affordability for potential homebuyers. Wage increases have failed to keep pace with inflation, and Americans are more pessimistic about their finances than at any time since the Great Recession. Economic growth has declined to a 1.1% annualized rate in the first quarter. Dive deeper into this story, tap the link in our bio.
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KTNV
4 years agoMortgage delinquency rate doubles
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5:44
Augusta Precious Metals
8 months agoRecord Consumer Debt is Triggering Delinquency Surge
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3:48
Augusta Precious Metals
1 year agoHousehold Debt in America Reaches All-Time High
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5:42
Last World News Channel
1 year agoMortgage rates hit two-decade high
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1:47
KERO
11 months agoMortgage rates rise after U.S. credit downgrade
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10:52
Worldview Financial TV
6 months agoThe Debt Danger Looming
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0:52
Homes In Orlando For Sale
1 year agoMortgage Rates Are Even Higher Than You Think!
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1:45
B.C. Begley
5 months agoAmericans have become saddled with credit card debt as rent and everyday prices remain high
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1:18
AugustaPreciousMetals
5 months agoU.S. Economic Uncertainty: Soaring Household Debt and Surging Delinquencies Are Raising Concerns
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The Money GPS
3 years agoHomeowners Keep Delaying Mortgage Payments! Debt Now Unpayable For Millions
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