According to Fitch Ratings, a global rating agency committed to providing the world’s credit markets with independent and prospective credit opinions, research, and data, serious delinquencies on jumbo mortgages rose for the 32nd straight month in January.  Serious delinquencies are payments at least 60 days late and jumbo mortgages are  loans larger than Fannie Mae or Freddie Mac can finance.

For most states, loans larger than Fannie Mae or Freddie Mac can finance is $417,000.  Alaska and Hawaii, however, reach up to $625,000.

The increase in delinquencies was the 32nd straight monthly increase and neared 10% - some forecasters predict the rate to reach 10% by next month.