Tag Archives: Mortgage Default Rate

Home shoppers may find relief in falling home prices, but to a much broader group of people, falling prices spell trouble.

The composite consumer credit default rate fell to a new post-recession low in April. How are consumers' attitudes changing toward their debt, particularly long-term debt such as mortgages?

April's composite default index fell by eight basis points from March down to a historical low of 0.97 percent, its lowest level since July 2014. The composite index had just fallen from 1.12 to 1.05 from February to March, its first month-over-month decline in eight months.