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24/7 Wall Street used data to find the states with the biggest mortgage debts
The blog 24/7 Wall St. looked at a recent report by Credit Karma to find the 10 states with the highest average mortgage debt. Most of the states on the list have extremely high mortgage debt because of the size of their initial mortgages. Many of the states on the list also experienced the steepest declines in home value during the recession.
These are the 10 states with the worst mortgage debt.
- California
- Hawaii
- Maryland
- New Jersey
- Washington
- Massachusetts
- Virginia
- Connecticut
- Colorado
- Nevada
To read the blog, click here.
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