Mortgages: Keeping Delinquencies at Bay

The other shoe has not yet dropped. Mortgages have gotten more costly for some homeowners as interest rates have climbed steadily since early last year, but borrowers are generally keeping up with their payments, the Mortgage Bankers Association says. Of course, that could change as interest rates on adjustable mortgages rise next year and beyond, but analysts say a growing economy could also mitigate any problems.

Late last month, the association released figures showing that in the first three months of this year, delinquencies on on…(Read More)

Source: NY Times

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