Rick Sharga
Rick Sharga
beyond bills couple energy higher loans people point saw stretched
When you couple the higher bills that people with adjustable loans saw with the higher-than-expected energy costs, you see a lot of homeowners stretched beyond the point where they could make their payments.
house increased percent rate variable
The variable rate mortgages increased house payments by as much as 50 percent for some people.
flexible point property values
Property values have appreciated to the point where homeowners have flexibility and there's a way out. Lenders are more flexible because there's more equity.
number red starts
If that number starts to spike, that is a red flag.