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National Credit Default Rates Remain at Post-recession Low
Friday, June 21, 2013 9:20 AM

Data through May 2013 reportedly showes no change in national default rates during the month. According to an Experian report, the national composite was at its post-recession low of 1.42 percent in May 2013. The first mortgage default rate was 1.31 percent in May; it showed no change since April.

The bank card rate was 3.63 percent in May vs. 3.61 percent in April. The second mortgage and auto loan default rates decreased in May posting 0.60 percent and 1.04 percent; they were marginally down from their respective 0.62 percent and 1.07 percent April levels.

Dallas reportedly hit a historic low of 0.85 percent.