Home delinquencies on the rise, but at a much slower pace, according to the Seattle Times.

It's slowing down but if job losses continue to rise then they might start to increase at a higher rate again. Job loss is usually the last hit area in a downturn and the last to feel the recovery as employers usually don't rush back quickly to hire employees. Also, the largest wave of interest rates to reset is behind us and those adjustable rates that are coming due are not as high as those over the last couple of years. A relative in Spokane had his mortgage reset in January and went from a 7.5% rate to a 5.5% ($200 less per month), which was a wonderful surprise. Click here for the entire Seattle Times article on the slowing of delinquencies.