Wednesday, December 30, 2009

Home mortgage delinquency rates keep rising

Delinquency rates keep rising for home mortgages. Calculatedrisk blog provides the details and they are universally not good.  As you can see from the chart, delinquency rates have skyrocketed and are not slowing down. 

If you have sensed a bit of bearishness throughout my blog entries so far, this hockey stick graph is one of the reasons. (I'm not always a pessimist, really)  Rising delinquency rates are one of the impediments to a healthy growing economy.

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