politics Home loan arrears on the rise as high debt and low wage growth bite. Problem home loans are now at their highest level since the aftermath of the global financial crisis, according to the credit ratings agency Standard and Poor’s Global.. "Tepid wage growth, high household debt.
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Reports of a spike in home loan arrears in January comes hot on the heels of a warning from Peter Costello that homeowners should brace for "painful" consequences as global interest rates rise.
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‘ ‘Tepid wage growth, high household debt and a softening ec Home loan arrears on the rise as high debt and low wage growth bite – Public accountants problem home loans are now at their highest level since the aftermath of the global financial crisis, according to the credit ratings agency Standard and Poor’s Global.
How to read our rates. The current mortgage rates listed below assume a few basic things about you, including, you have very good credit (a FICO credit score of 740+) and you’re buying a single-family home as your primary residence.Check out the mortgage rates charts below to find 30-year and 15-year mortgage rates for each of the different mortgage loans U.S. Bank offers.
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