First home buyers and self employed home loan borrowers are at risk of falling into mortgage arrears, according to a new report by Standard & Poors. Recent figures reveal that a growing number of home loan borrowers are missing mortgage payments as a result of rising interest rates.
According to the report, the number of mortgage borrowers who had missed repayment deadlines climbed 0.19% up to 1.44% in the March 2010 quarter.
According to the report, the number of mortgage borrowers who had missed repayment deadlines climbed 0.19% up to 1.44% in the March 2010 quarter.
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