Diverse Delinquencies

delinquentQ3 consumer delinquencies rose from a record low of 1.36% in Q2 to 1.41%. These levels are substantially below the 15-year average of 2.25%, a level last seen roughly four years ago. Mobile home loans have the highest delinquency rate at 3.59%, followed by home equity lines of credit at 2.91%. At the other end, auto loans enjoy the lowest delinquency rate at 0.74%, followed by RV loans at 0.95%.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.