Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]

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Written by 30a Beach Mortgage Syndicated User on August 19, 2023. Posted in 30a Beach Mortgage, 30a Beach Mortgages, Foreclosures, Infographics, Interest Rates.

Don’t Expect a Wave of Foreclosures [INFOGRAPHIC] Simplifying The Market

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.

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