this post was submitted on 18 Jul 2025
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Mortgage Delinquency Rates Grew Faster Than Any Other Debt Type In May (www.investopedia.com)
submitted 3 days ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
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[โ€“] burlemarx@lemmygrad.ml 5 points 3 days ago (1 children)

In Canada, this is also happening. I think 2/3 of all the debt in the country is mortgage. Another crisis is coming...

[โ€“] yogthos@lemmygrad.ml 6 points 3 days ago

Canada might actually be in a worse situation because mortgages are given for only 3-4 years and people have to keep renewing them at whatever rates are available at the time. At least in the US, you can get a mortgage for 20-30 years and you know what your rates are.