Thursday, 29 September 2022 | The Latest Buzz for the Appraisal Industry

Indices Report Monthly Increases for Mortgage Default Rates

By Brian Honea

Default rates are on the rise month-over-month for both first and second mortgages nationwide, according to the S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for December 2014 released Wednesday. According to the data, the first mortgage default rate experienced its biggest monthly increase since September 2013, rising by five basis points from 0.97 percent in November up to 1.02 percent for December.

The post Indices Report Monthly Increases for Mortgage Default Rates appeared first on DSNews.

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