What Happens to My Mortgage if the Housing Market Crashes?
Marco Santarelli
JULY 23, 2022
There is a lower likelihood that a borrower would default on a mortgage. Mortgage approval rates today are lower than they were in the pre-crisis era, which suggests that borrowers are less likely to default on their loans. But is the housing market truly in a bubble? Interest rates are one factor that may make a difference.
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