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Mortgage Stress? Not Yet, Experts Say | Wellington News
Despite falling house prices and rising interest rates, mortgage stress isn’t spreading — and here’s why: mortgagee sales are up slightly but still far below 2009 levels, thanks to steady incomes, tighter lending rules, and banks’ preference for working with borrowers over foreclosing. With non-performing loans at just 0.6% and lenders offering flexible repayment options, defaults remain low — as long as jobs stay stable, most homeowners are managing just fine. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is…
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