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re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
Posted on 5/9/24 at 10:44 am to OvertheDwayneBowe
Posted on 5/9/24 at 10:44 am to OvertheDwayneBowe
quote:
The problem is how many of these people who got out from under those mortgages are now being overwhelmed by property tax and insurance increases?
Are you saying people who no longer have a mortgage? If so, hardly any.
Posted on 5/9/24 at 11:39 am to JohnnyKilroy
quote:
Are you saying people who no longer have a mortgage? If so, hardly any.
Well, presumably that number of underwater mortgages plummeted during COVID because people refinanced to sub-3% interest rates combined with the home values going up by 30%+.
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