The first line graph illustrates the yerly savings rate, the average percentage of income people save, and the national interest rate. The second line graph illustrates the number of new mortgages, loans and the number of foreclosures each year in Country X from 1991 to 2005.
Overall, it can be seen that the savings rate decreased and fell by the end of the period. In contrast, the interest rate increased slightly. Meanwhile, the percentage of new mortgages rose steadily, while house foreclousers remained low until the sharp increase by the end.
In 1991, the savings rate was around 3%, while the national rate was about 5%. The savings rate increased to almost 5% in 1995, but then it started to fall. After 2001, it decreased more quickly and reached approximately -2% in 2005. By contrast, the interest rate fluctuated slightly between 4,5% and 6%, and finished at around 6%.
The percentage of new mortgages rose steadily from 40% in 1991 to around 70% in 2003, but then it declined slightly to about 67% by 2005. House foreclosures were around 5% in 1991 and stayed below 10% until 2003. Howevwe, this figure increased rapidly and reached a peak at about 50% in 2005.