Free Trial

Missed Loan Payments Signal Further Mortgage Stress Ahead

AUSTRALIA

Credit bureau Experian is reporting that mortgage delinquency rates are trending higher rising to 1.41% in April from 1.39%, according to The Australian. This was the fifth consecutive monthly rise. It counts those who missed at least one payment in the last 15 days. For credit cards the rate was 2.08%, the third straight rise, and 5.8% for personal loans, a 15 month high, which suggests that mortgage arrears are likely to rise going forward as they miss other payments before those on their home. (The Australian)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.