Wellington News Today | 2 Min News | The Daily News Now!
Despite falling house prices and rising interest rates, mortgage stress isn’t spreading — and here’s why: mortgagee sales are up slightly but still far below 2009 levels, thanks to steady incomes, tighter lending rules, and banks’ preference for working with borrowers over foreclosing. With non-performing loans at just 0.6% and lenders offering flexible repayment options, defaults remain low — as long as jobs stay stable, most homeowners are managing just fine. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/a933aeb4c15b341d
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