Mortgage Default Rate Hits Lowest Level In Almost Eight Years

Indicating continued stabilization of the housing market, the first mortgage default rate dropped in April to 1.01%, the seventh-consecutive monthly decline and the lowest level seen since July 2006, according to the just-released S&P/Experian Consumer Credit Default Indice report.  In April, 2013, the  first mortgage default rate was 1.31%.

(We work hard on this and sure would appreciate a “Like”)

Print Friendly, PDF & Email

23 comments to Mortgage Default Rate Hits Lowest Level In Almost Eight Years

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>