Delinquency rate to slow
Expect the mortgage delinquency rate to rise this quarter, then slowly ease up early next year in Massachusetts, according to a new report.
The prediction is in line with other positive economic and housing news, so it makes sense. But here’s where the prediction can go wrong: High unemployment sticks around longer than hoped, putting more pressure on homeowners struggling to keep pace with monthly mortgage payments.
It all comes down to the unemployment rate.
P.S. — This isn’t good news: Flipping homes is back in fashion.
File under: They’ll never learn.
