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overtheedge
Member since May 2012
680 commentaries - 6 followers
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has posted a comment on the article :
>Housing Early Warning Stress Indicator On Rise - Mish - Global Economic Analysis
HELOCs don't stay interest-only forever.
Can you imagine the effect of this with the household's budgetary normalcy bias in place all these years?



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Beginning of the headline :A chart in the latest Black Knight Mortgage Monitor Release caught my eye. For five months, the number of properties and the percentage of properties 30-days delinquent has been on the rise (arrows added). click on chart for sharper image Key Indicators The mortgage delinquency rate jumped nearly 5% in August, reaching its highest point since February. The year-over-year change in 30-day delinquencies is a negative 4.8%. Another month like August would nearly reverse the year-over-year do... Read More
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