Geithner Sees “Economic Improvement” As Mortgage Delinquencies Hit All Time High

In the midst of millions riding the waves of the real estate reckoning, even more ordinary Americans are facing the rising tide of credit card APRs. In fact, according to new data, the average credit card interest rate has recently climbed to an all-time high, with averages hovering just below 15%.

Even as Mr. Geithner, in prepared congressional testimony, claims that the economy is "recovering", the MBA announced yet another record number of mortgage delinquencies. At over 14%, the number of American homeowners either in delinquency or in foreclosure was an all-time record in September, representing a ninth straight quarterly increase.

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The Hill – covering Congress, Politics.Geithner Sees "Economic Improvement" As mortgage delinquencies hit All time high central banks see economic improvement – The Globe and Mail – "I don’t see a lot of evidence of a

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Trouble Ahead For The U.S. Housing Market In the lead-up to the recession, flipped homes made up 11.3 percent of sales in the U.S., according to CoreLogic data. age is a large predictor of realized gains across metropolitan housing markets.

Who the F$%K knows what’s going on in GTA at this point? All the numbers that are used to predict when this crash is happening are inaccurate or fudged. It will take an obvious decline in buyers and an abnormal amount of listings for a period of time to determine when the sh1t will hit the fan. At ground level, I don’t see this happening yet.

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