[ad_1]
Report by Moody’s Ratings predicts a modest rise in mortgage arrears amid pressure from rates and inflation
About one in 25 sub-prime borrowers were behind on their mortgage at the end of June, after being taking hits from rising interest rates and cost of living pain.
Arrears are surging from a very low level during the pandemic when the official interest rate was at an emergency settings of 0.1 per cent — but it’s seen as a return to the long term trend.
[ad_2]
Source link
#Report #Moodys #Ratings #predicts #modest #rise #mortgage #arrears #pressure #rates #inflation