Mortgage delinquencies just hit their highest level in over a decade.
More borrowers are going 30+ days late on payments than we've seen since the financial crisis era. This isn't just a housing story—it's a consumer stress story.
When people can't make mortgage payments, it usually means:
• Job market weakening
• Savings depleted
• Credit tightening ahead
Worth watching how this plays into Fed policy and bank earnings. Housing has been propped up by low inventory, but if forced selling picks up, that changes fast.
Still early, but the cracks are showing.
More borrowers are going 30+ days late on payments than we've seen since the financial crisis era. This isn't just a housing story—it's a consumer stress story.
When people can't make mortgage payments, it usually means:
• Job market weakening
• Savings depleted
• Credit tightening ahead
Worth watching how this plays into Fed policy and bank earnings. Housing has been propped up by low inventory, but if forced selling picks up, that changes fast.
Still early, but the cracks are showing.