Quarterly delinquency rates of credit cards and mortgages in the U.S. 2012-2023
Credit card delinquency reached its highest level since 2019 in the third quarter of 2023, whereas mortgage delinquency declined to its lowest level. This is according to consumer data supplied by large banks that have to report such figures when handling over 100 billion U.S. dollars worth of assets. 3.19 percent of credit card balances were 30 days late - the highest percentage since tracking began in 2012. First-lien mortgage origination remained historically low, likely due to high interest rates and housing prices.
