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Underwater mortgage rates sinking in South Florida

Posted at 9:35 AM, Oct 23, 2015
and last updated 2015-10-23 09:35:25-04

We’ve officially entered dry season in South Florida, and that’s not just the weather. According to the realdeal.com a report from Realty Trac shows that South Florida is no longer one of the country’s worst markets for underwater mortgages; in fact it’s not even in the top 10 anymore.

The report says that 21.9% of local homeowners are seriously underwater, but that’s better than a year ago when it was roughly 24%. To wet your appetite with more news catch NewsFix tonight at 10 on SFL-TV!