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Mortgage defaults rise, but experts foresee improvement ahead
Mortgage arrears rise but experts predict overall numbers to remain low, anticipating further drops with upcoming rate cuts. In Short: More borrowers are struggling with mortgage repayments, but experts believe that overall numbers remain low and will likely decrease further due to expected rate cuts. New data indicates that an increasing number of borrowers are struggling with mortgage repayments. The trend of households falling behind on home …
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