Texas and Louisiana cities face high mortgage delinquency rates due to rising costs and inflation.
An analysis by WalletHub reveals that several cities in Texas and Louisiana are struggling with high mortgage delinquency rates due to rising mortgage costs and inflation. In Texas, Laredo has the highest delinquency rate, followed by Corpus Christi, El Paso, and Lubbock. Louisiana's Baton Rouge and New Orleans also face challenges, ranking third and eleventh, respectively, for mortgage delinquencies. A significant portion of residents in both states struggle to afford basic necessities, increasing foreclosure risks.
October 26, 2024
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