Mortgage delinquencies still rising

In the third quarter of 2015 consumer Mortgage delinquencies rose from a record low of 1.36% in second quarter to 1.41%.
ForeclosedThese levels are substantially below the 15-year average of 2.25%, a level last seen roughly four years ago.
Statistically one of the lesser cost home purchases, Mobile home loans have the highest delinquency rate at 3.59%, followed by home equity lines of credit at 2.91%.

At the other end, auto loans enjoy the lowest delinquency rate at 0.74%, followed by RV loans at 0.95%. Makes perfect sence these days when dealerships offer up to 9 and 10 year car loans. People trade in after 3 or 4 years and just roll in the debit from the last loan, over and over.

I’m a firm believer that if you can not pay off a car loan in 3 years, you can’t afford it.

 Don’t let the bank Foreclose, you still have rights, Call me at 321-443-4028 or email me at info@PaulAntonelli.com for more information.

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 Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
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April Jobs Report

Friday’s jobs report showed a solid gain of 215,000 jobs.
That said, the unemployment rate ticked up from 4.9% to 5% because the labor force grew by an even larger 396,000 persons!
As a result, the labor force participation rate rose by another 0.1% to 63%, its best level since 3/14 and up from 62.4% in Aug of 2015, a huge increase.
Wages rose a nice 2.3% Y-o-Y.

Has your property value gone up or is it a victim of the latest Neighborhood Foreclosure Syndrome. Find Out Now For FREE!    Go To: www.WhatsMyMarketValue.com !

Paul Antonelli
REALTOR Professional
Broker / Owner of NextHome Antonelli Realty