There has been an large increase of delinquencies in home equity loans and lines of credit. Oddly there has been a decrease in delinquencies in other types of consumer loans such as for cars, home improvements and even boats and recreational vehicles.

The news of the delinquencies comes as Freddie Mac reports that the 30 year fixed mortgage rate has remained above 5%.

This entry was posted on Tuesday, January 26th, 2010 at 5:21 pm and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.