Moody’s with the report.
Australian mortgage delinquency rates, which increased over the June quarter, will continue to rise moderately over the rest of this year as high interest rates and sticky inflation put financial stress on households.
The latest data for the residential mortgage-backed securities (RMBS) we rate shows the share of prime-quality home loans that were at least 30 days in arrears (30+ days delinquency rate) increased marginally to 1.73% in June from 1.72% in March.
