Moody's Predicts A Rise In Australian Mortgage Delinquencies

Posted by Simon Dehne on February 22, 2016 in Latest News with No Comments

Mortgage Rates - Fixed or FloatingChanging economic conditions at home and abroad will result in an increase in the number of Australian mortgage delinquencies in the coming year according to one credit rating firm.

According to the latest monthly review of the performance of Australian prime residential mortgages by ratings firm Moody’s, delinquencies in excess of 30 days rose to 1.20% in November 2015 from 1.14% in October 2015.

Moody’s puts that monthly increase down to seasonal factors such as household overspending in the run up to Christmas, but still believes 2016 will see a higher number of delinquencies than 2015.

Read more.

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