Pressure on homeowners - mortgage arrears at 4 year high
The squeeze has been put on homeowners, with mortgage arrears at a four year high. Cranked up interest rates have meant home owners have missed payments or gone interest only. Centrix says there are nearly 21 thousand overdue mortgage accounts, up 21 percent on the year before. Financial adviser Glen McLeod from Edge Mortgages speaks to Lisa Owen. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6345974497112
Source: rnz.co.nz