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Rising Mortgage Delinquencies Signal Trouble in Housing Market

More Americans are falling behind on their mortgages, with “seriously delinquent” loans (those unpaid for 90+ days) up 14% compared to last year.

This has led to the first increase in foreclosure sales in nearly two years. The situation is especially dire for veterans, as a key federal foreclosure-prevention program just ended, putting 60,000 former service members at immediate risk of losing their homes.

These challenges come amid an already difficult housing market characterized by high mortgage rates, rising costs, and changing buyer preferences.

Original Source: MarketWatch

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