Dawn Chorus: Mortgage arrears up, but still very low

Centrix reports mortgage arrears up again in March, but still below pre-Covid levels & tiny vs GFC levels; OPEC throttles oil output by 1m bbls/day, pushing Brent oil price up 6% to US$84.70/barrel

While incredibly stressful for homeowners involved, the number of actual ‘non-performing home loans’ is still only a fraction of GFC levels. Photo: Lynn Grieveson / The Kākā

TL;DR: Centrix reports an increase in home owners behind on payments on their mortgages in February, but actual non-performing home loans are still only a fraction of GFC levels. The…