Here's what to do if you get behind on mortgage payments
CBSN
As inflation and interest rates remain elevated this year, some Americans are having trouble keeping up with mortgage payments.
Although the number of U.S. mortgages delinquent for 30 days or more fell slightly to 2.6% in August 2023 from 2.8% at the same time last year, Americans are still facing record high interest rates, according to the most recent figures from CoreLogic.
"U.S. mortgage performance remained strong in August, supported by a robust job market and a healthy economy. However, this thriving job market comes at a time when interest rates are quickly rising," Molly Boesel, principal economist for CoreLogic, said in a report.
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