Wednesday, September 19, 2007

Oz mortgage payments at significant risk of default will surge from 70,000 to 113,000 by the end of the financial year say JP Morgan

Credit cards hide mortgage pressures

THE number of households in severe mortgage stress will balloon by more than half by next June, because the depth of the problem is masked by desperate borrowers obtaining new credit cards to free up money to make home loan repayments.

Posted by chris @ 02:55 PM (442 views)
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