Do you know about - TransUnion Issues Annual Forecast in Mortgage and Credit Ratings
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TransUnion Issues Annual Forecast in Mortgage and Credit Ratings Video Clips. Duration : 0.97 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Financial information and risk management firm, TransUnion said in its annual forecast of the two rates, that it expects mortgage delinquencies--or the ratio of borrowers more than 60 days past due--to drop to about 5% at the end of next year from 5.9% now, after edging up slightly at the beginning of the year. Mortgage delinquency rates have historically been at around 1.5% to 2%, but leapt to as high as 6.9% amid the recent recession. Since its peak at the end of 2009, the rate has slowly gone down but is still well over a normalized level. Meanwhile credit card delinquency rates should remain at an historic low between 0.6%-0.7%. Both mortgage and credit delinquency rates are low due in part to banks choosing to do business with customers who have high credit scores although other factors have also reduced both rates.
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