Consumer credit defaults were higher for first and second mortgages in September from the previous month, according to the S&P/Experian consumer credit default indices.

First mortgages went from 1.92% in August to 1.99% in September, while second mortgages jumped from 1.27% to 1.32% month-over-month. This is the first time first mortgage rates have gone up since November 2010.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.