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Prime Mortgage Delinquencies on the Rise
Posted: September 5, 2008 at 10:17 am by Chuck
That’s right, I said ‘Prime’ mortgages. Sub prime implosion has continued to spread. The cancer that is the credit implosion has metastized and spread.
US Q2 MORTGAGE DELINQUENCIES: 6.41% V 6.35% PRIOR
- Highest level on record (29 years is the total data collection period)
- Prime mortgage delinquency rate 3.93% v 3.71% prior
- Mortgages in foreclosure at record 2.75% v 2.47% q/q 1.40% y/y
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-jpy-small.gif)
![[US Dollar Index]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
It looks like finacials are in a barter trade with their own shares?
Al