S&P/Experian: Mortgage default rates increasing

16 Sep

HousingWire – Brena Swanson

Consumer default rates rose in August, reversing a long downward trend, the most recentS&P/Experian Consumer Credit Default Indices showed. The overall national composite jumped two basis points from last month’s historical low to 1.03% in August. The indices show a comprehensive measure of changes in consumer credit defaults. And after nine months of decline, the first mortgage default increased to .91%. But that modest increase might be expected as home sales grow.

>> Read More: http://www.housingwire.com/articles/31376-spexperian-mortgage-default-rates-increasing

Visit my website at: www.juliecnichols.com

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: