Nevadans’ mortgage delinquency rate is expected to drop
Nevada homeowners will improve their mortgage delinquency rate next year as they fall slightly further behind on credit card payments, a new report says.
The percentage of Nevadans who are at least 60 days behind on their mortgage payments will dip from about 10.3 percent at year’s end to 8.4 percent at the end of 2013, according to Chicago research firm TransUnion.
During that period, Nevada’s 90-day credit card delinquency rate is expected to inch up from 0.92 percent to 0.94 percent.
According to TransUnion, the mortgage delinquency rate peaked in the fourth quarter of 2009 for Nevada (16.2 percent), the Las Vegas Valley (18.9 percent) and the United States as a whole (6.9 percent).
In the coming year, the national mortgage delinquency rate is forecasted to slip from 5.32 percent to 5.06 percent. The national credit card delinquency rate is expected to rise slightly from 0.83 percent to 0.87 percent during that period, says TransUnion.