S&P says more borrowers falling behind for first time on mortgage repayments

Posted on April 4, 2017 by | 0 Comments

More borrowers are falling behind for the first time on their mortgage repayments, credit ratings agency Standard and Poor’s says.

The proportion of owner-occupier home loans in arrears increased to 1.29 per cent in January, from 1.15 per cent in December, the agency says.

The largest increase was in mortgages between one and two months in arrears, which S&P said suggested an increase in borrowers newly in arrears.

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