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Fitch study notes increase in mortgage arrears - RT News





Current mortgage rates for the 30-year fixed rate mortgage, 15-year fixed rate mortgage, a 5-year ARM are changing. Here's your daily market update with today's current mortgage rates. Mortgage Rates Today Today's mortgage rates are lower. A rally in the stock markets has hurt MBS this morning. For the original version including any supplementary images or video, visit http://themortgagereports.com/14919/current-mortgage-rates-today











Fitch said that arrears reached a new high of 18.4% of the current balance in the first quarter of 2014, up from 16.7% a year earlier. It said this was mainly due to the increase of arrears in the buy-to-let sector. The housing market here has seen significant increases over the past year, which has been driven mainly by demand for properties in Dublin. Home prices have risen 8.1% over the past year and the peak-to-trough fall now stands at 46.7%. Fitch also noted signs that lenders are becoming more willing to consider taking properties into possession. "As the legal process becomes more certain, lenders have begun to selectively enforce their security over properties. For the original version including any supplementary images or video, visit http://www.rte.ie/news/business/2014/0514/617272-mortgage-arrears/