But the point is missed payments are lower now than 3+ years ago. That they’re increasing again is an interesting data point but it’s a bit much to be setting off alarm bells. For all we know this is just part of the generalized ongoing reversion to the pre-pandemic mean.
Historically aren’t mortgage payments the last thing a person is going to sacrifice?
I honestly don’t know.
But the point is missed payments are lower now than 3+ years ago. That they’re increasing again is an interesting data point but it’s a bit much to be setting off alarm bells. For all we know this is just part of the generalized ongoing reversion to the pre-pandemic mean.