Credit Card Debt Crushes Mortgage Applicants

Today in Mortgages

Today in Mortgages we dive into the current state of credit card debt with the average interest at 26% or above. There is a disconnect between employment and earnings. Today's article from the AP News: "Borrowers, especially the young, struggle with credit card debt in potentially bad sign for the economy," focuses on the younger generations, who have higher utilization of the credit are lower FICO and higher delinquencies.
Tune in to this episode to gain a deeper understanding of the current market dynamics and discover how you can better support your clients in achieving their homeownership dreams. Whether you're a seasoned professional or new to the industry, this discussion offers valuable insights to help you navigate today's real estate landscape.
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