Data through November 2013, released today by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed stability in national default rates during the month. The national composite was 1.37% in November, a slight decrease from 1.38% in October. The first mortgage default rate was 1.28% in November, down from 1.30% last month. The second mortgage posted 0.78% in November, up from 0.72% in October. The auto loan default rate was 1.15% in November, marginally higher than 1.14% in the previous month. The bank card rate was unchanged from last month at 2.97%.
Read the release: Experian Press Release 12 17 13