US Mortgage Delinquency Rates Hit Record Low

US Mortgage Delinquency Rates Hit Record Low
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The Spin

Narrative A

The economy is recovering well after the COVID pandemic, and that has meant strong wage growth and historically low unemployment. When people have money, they’re able to continue making their mortgage payments, and hopefully, this lack of distress will continue.

Narrative B

The delinquency rate is low because homeowners are terrified to sign up for record-high interest-rate mortgages, not because of a robust job market or other outside forces. The Fed’s interest rate hikes are scaring people from biting off more than they can chew and are also killing the housing market.

Metaculus Prediction


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