Notable Increase to Foreclosures & Mortgage Delinquencies - Video

Foreclosures and mortgage delinquencies are spiking in the US as mortgage rates have been climbing, savings rates are dwindling and credit card balances of Americans are at record high levels. This has caused late payments to increase significantly for FHA loans which are frequently used by first time homebuyers.

Here’s your latest foreclosures and mortgage delinquencies update! Today’s video is based on 2 new reports from the Mortgage Bankers Association and ATTOM.

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Watch THIS Before Purchasing a Foreclosure:
https://youtu.be/a1fbIccCfGs?si=hZWJWWUEpumWZ8KR

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Compilation of Housing Market Forecast videos:
https://youtube.com/playlist?list=PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi

Here are the reports I went over in today’s video: https://www.mba.org/news-and-research/newsroom/news/2024/02/08/mortgage-delinquencies-increase-in-the-fourth-quarter-of-2023?utm_source=substack&utm_medium=email

https://fred.stlouisfed.org/series/REVOLSL

https://fred.stlouisfed.org/series/DRCCLACBS

https://fred.stlouisfed.org/series/PSAVERT

https://www.attomdata.com/news/foreclosure-trends/u-s-foreclosure-activity-sees-notable-increase-in-january-2024/

Watch THIS Before Purchasing a Foreclosure:
https://youtu.be/a1fbIccCfGs?si=hZWJWWUEpumWZ8KR

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7% for the current mortgage rates (at the time of filming this video for borrowers with exceptional credit).

Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?

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Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
[email protected]

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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.

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#foreclosures #housingmarket #foreclosedhomes