Canehill
REAL ESTATE
Northwest Arkansas "seriously underwater" mortgage rate is half state average
Data: Attom; Map: Tory Lysik/Axios VisualsArkansas had the sixth-highest rate of mortgaged homes considered seriously underwater at 5.7% in the first quarter of this year, a report by Attom states.Why it matters: That means these folks owe more in mortgages than their home is worth — a horrendous financial situation if they need to sell their house.State of play: Many U.S. homeowners are sitting on a mountain of equity after years of rising house prices; however, a disproportionate share of mortgage holders in the South and Midwest are underwater on their loans.Zoom in: The rate was 2.3% in Benton County...
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