California Mortgage Late Payments Hit 9-Year High | Real Estate News
From Real Estate News Today | 2 Min News | THE DAILY NOW! · 1:18
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Late mortgage payments in California have reached a nine-year high, with 0.8% of mortgage debt being 90 days or more overdue. While concerning, Californians are faring better than the national average of 1.1%. Overall debt payments have also risen to a 2.5% delinquency rate, the highest since 2015, yet still below the long-term average. Borrowing habits show a slight pullback, with consumer debt at $88,000 per person. Despite some challenges, positive aspects remain as the economy evolves. CHECK US OUT ON YOUTUBE! https://www.youtube.com/@thedailynow-live This is an automated, high-level news summary based on public reporting and produced by Qwikcast.aiSources: N/A More coverage & latest updates:https://sources.thedailynow.ai/cb7143b67a4bb02f www.TheDailyNow.ai
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