Single-Family Mortgage Delinquency Rate in 2011
Single-Family Mortgage Delinquency Rate opened 2011 at 10.37% and closed at 10.25%, a -1.16% move for the year. The high of 10.55% was reached on April 1, and the low of 10.25% on October 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 10.37% | 10.37% | 10.37% | 10.37% | +0.00% |
| Apr | 10.55% | 10.55% | 10.55% | 10.55% | +0.00% |
| Jul | 10.50% | 10.50% | 10.50% | 10.50% | +0.00% |
| Oct | 10.25% | 10.25% | 10.25% | 10.25% | +0.00% |
Events During 2011
S&P stripped the United States of its AAA credit rating on August 5, 2011, the first time in history. Markets whipsawed as the debt ceiling fight showed political risk could reprice government creditworthiness.
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
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