Many people were doing their income taxes in April..found out they were getting refunds, and were able to get the instant loans to defer the inevitable for a few months. Watch..it goes back up in May, and really spikes up in June..
We will probably continue to see an upward trend, but the economy is too healthy for anything too drastic to happen. I don’t see any spikes happening anytime soon. Banks will get creative to avoid foreclosing on too many homes. Banks can’t afford to do otherwise. Banks will refinance at lower rates or may even forgive some payments.