Are Variable Interest Rates Driving Up Mortgage Delinquencies?
Are Variable Interest Rates Driving Up Mortgage Delinquencies? Since Q1 2022, 60-90 days mortgage delinquency rates have been stable in some countries and increasing in others (Exhibit 1). This early delinquency trend indicator increased the most in countries where variable-rate mortgages are commonly used, suggesting that interest rate type has become a key determinant of … Continued