(The Center Square) – Among Tennessee homeowners, 0.88% of them are late in paying their mortgages, the 28th-highest percentage among the 50 states, according to a new study by the website Construction Coverage.
The average mortgage per household in the state is $147,693, the analysis by ConstructionCoverage.com concluded. The company employs technical and financial experts who work to help construction businesses, according to its website.
In Tennessee, the annual median income for those households with mortgages came in at $82,414, researchers found. And the April unemployment rate in the state was reported at 15%.
The Coronavirus Aid, Relief and Economic Security (CARES) Act temporarily suspended home foreclosures for federally backed loans until the end of this year. As a result of the CARES Act protections and
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