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Mortgage Defaults Fall in April

Mortgage News > Mortgage Defaults Fall in April
Date: 06/05/2018    Mortgage Defaults Fall in April

Mortgage borrowers were better at making their payments in April, according to the S&P Dow Jones Indices and Experian. The rate of first-mortgage defaults decreased to 0.68%, down from 0.72% in March and almost unchanged from 0.69% the previous year.

"The overall economic picture is positive, with continued moderate growth, a further decline in unemployment to below 4%, and quite strong consumer sentiment," said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. 

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