U.S. Foreclosures Skyrocket

When variable (or teaser) rates rise and payments go up, it’s not a pretty picture for the cash strapped.

That’s what’s happening south of the border where mortgage analysts predict 1.3 million foreclosures this year.  That’s a staggering 53% more than in 2005.

MSNBC Story

More Stories
Average home prices rise in March 2021, says CREA
Average Home Price Hits a Record $716,828. Is Another Policy Response Coming?
Copy link