Diverse Delinquencies

Q3 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%.