S&P/Experian: Mortgage default rates increase two months straight

The first mortgage default rate came in at 0.75%, up one basis point from February and reaching a one-year high. The five major cities showed mixed results in March with two higher and three lower.

Mortgage applications down 2.3% led by drop in purchases contract closings declined 2.3% month over month to a 5.57 million annual rate (the forecast was 5.65 million), after a revised 5.7 million the prior month. The median sales price rose 6% year over year to $244,800.

This index measures the default rates across second mortgages.. proportion of consumer credit accounts that go into default for the first time each month.

This change was mostly driven by an increase in the first mortgage default rate. down by 2 basis points from the previous month. The table on the next page summarizes the October 2012 results for.

While two of the five cities reported here saw an increase in October compared to September, four out of five cities have default rates. is seen in the mortgage market." The table below summarizes.

The bank card default rate was unchanged at 3.09 percent. The first mortgage default rate was 1 basis point higher at 0.64 percent. Looking at the latest data by market size, S&P and Experian found.

The industry will find out on Tuesday, February 16, when S&P/Experian releases the consumer credit default report for January 2016. The first mortgage default rate was 0.84 percent in December, an.

Mortgage defaults held steady through July even as composite and bank card default rates declined, according to S&P Dow Jones Indices and Experian for the S&P/Experian. 2.79% in July. Four of the.

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The cost of protecting bonds from default in the U.S. fell for a 10th straight. loan rates because they trade closest to face value, and 10-year Treasuries has narrowed to 84.3 basis points, from a.

Despite a slight increase in July, the default rate for first mortgage loans. below, the first mortgage default rate increased two basis points from June to 0.62%. Click to enlarge. SP. (Source: S&P/Experian Consumer Credit Default Indices). since April, while home sales are little changed in recent months.

The first mortgage default rate was 1 basis point higher at 0.64 percent.. S&P and Experian found that two of the largest cities posted higher default. The rate for a four-year auto loan is 5 percent after a small increase of a.

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