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S&P/Experian First Mortgage Default Index is at 0.74%, compared to 0.72% last month and 0.84% last year. This is lower than the long term average of 1.91%. Category: Household Assets and Liabilities.
1 If the S&P was trading at 1178, this figure is not a dollar figure. It is a comparison to a date in the early 1940s when the index was established and assigned an arbitrary value of 10.  In other words, if the S&P was trading at 1178, the S&P stocks are worth 117.8 times what they were worth 60-odd years ago.