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Welcome back dream makers, today we are discussing if delinquencies are becoming a problem and what that means for housing. We are giving today’s article “Mortgage delinquencies hit a six month high in June, but it’s not as bad as it looks” mixed reviews. It has some truths but also takes a negative perspective that could be misleading. It is true that delinquencies are up, which is likely from unemployment slightly rising, and the fact that real estate taxes and homeowners insurance are up. But nationally the delinquency rate is less than 3% which is really good.
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