10.5 million borrowers at or over age 65 still have forward mortgagesMany seniors still pay mortgages, with 10.5 million aged 65+ facing this financial reality.Older homeowners have low housing costs despite mortgage burdens; homes tend to be less valuable.
18% of California households enjoy mortgage-free livingCalifornia's housing market makes owning a home without a mortgage a rarity; only 18% of households are mortgage-free.
Tappable home equity reaches new high of $11.5 trillion: ICEHome prices exceed mortgage debt, raising equity to $17.6 trillion with $11.5 trillion tappable equity, affecting borrowing and lending.
It can be a trap' to carry mortgage debt into retirement: USA TodayMortgage debt in retirement can be a financial trap for seniors, impacting their financial security and retirement plans.
Canadians owe more than $2 trillion in mortgage-related debts, CMHC says | CBC NewsMortgage debt growth in Canada slowed significantly in February due to high borrowing costs and uncertainty about the Bank of Canada's interest rate, but this slowdown is expected to be short-lived.
Mortgage debt balloons amid rising home pricesMortgage debt has surged by 80% in the last 20 years, making up 74% of household debt, showing rising financial strains on American families.