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 1 week ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
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[–] yogthos@lemmygrad.ml 6 points 1 week 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.