Homeowners Take on Risky Mortgages

Homeowners are increasingly taking on high-risk mortgages, with deposits of less than ten percent reaching a seven-year high. This trend mirrors pre-2008 levels and poses risks for both borrowers and lenders. Longer mortgage terms and higher loan-to-income ratios are also on the rise, reflecting the challenges of affordable homeownership.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.