Here’s Why Mortgage Rates Are What They Are Right NowIf you're waiting for mortgage rates to fall a lot before you buy, you may be waiting a while. But before you get discouraged, there's a
Don't Expect a Wave of Foreclosures
Dated: August 21 2023
Views: 54
Don’t Expect a Wave of Foreclosures
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.
Don Geisler
Don has over 2 decades of experience in Real Estate sales and leadership in the Southern Arizona region. He has built Indie Realty with unmatched passion and focus on the needs of today's real esta....
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