Credit card delinquency reached its highest level since 2019 in the first quarter of 2024, 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. 3.56 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. Note the graphic shown here is different from another source on credit card delinquency rates in the U.S., as those figures are aggregates.
Credit card and mortgage delinquency rates in the United States from 3rd quarter 2012 to 2nd quarter 2024, by stage
(30, 60 and 90 days past due)
All figures are balances-based; See the "Details" tab for more information about source methodology
Supplementary notes
Data comes from U.S. bank holding companies, U.S. intermediate holding companies of foreign banking organizations, and covered savings and loan holding companies with 100 billion U.S. dollars or more in total consolidated assets.
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Philadelphia Fed. (October 9, 2024). Credit card and mortgage delinquency rates in the United States from 3rd quarter 2012 to 2nd quarter 2024, by stage (30, 60 and 90 days past due) [Graph]. In Statista. Retrieved November 15, 2024, from https://www.statista.com/statistics/1445165/credit-card-mortgage-delinquency-rates-usa/
Philadelphia Fed. "Credit card and mortgage delinquency rates in the United States from 3rd quarter 2012 to 2nd quarter 2024, by stage (30, 60 and 90 days past due)." Chart. October 9, 2024. Statista. Accessed November 15, 2024. https://www.statista.com/statistics/1445165/credit-card-mortgage-delinquency-rates-usa/
Philadelphia Fed. (2024). Credit card and mortgage delinquency rates in the United States from 3rd quarter 2012 to 2nd quarter 2024, by stage (30, 60 and 90 days past due). Statista. Statista Inc.. Accessed: November 15, 2024. https://www.statista.com/statistics/1445165/credit-card-mortgage-delinquency-rates-usa/
Philadelphia Fed. "Credit Card and Mortgage Delinquency Rates in The United States from 3rd Quarter 2012 to 2nd Quarter 2024, by Stage (30, 60 and 90 Days past Due)." Statista, Statista Inc., 9 Oct 2024, https://www.statista.com/statistics/1445165/credit-card-mortgage-delinquency-rates-usa/
Philadelphia Fed, Credit card and mortgage delinquency rates in the United States from 3rd quarter 2012 to 2nd quarter 2024, by stage (30, 60 and 90 days past due) Statista, https://www.statista.com/statistics/1445165/credit-card-mortgage-delinquency-rates-usa/ (last visited November 15, 2024)
Credit card and mortgage delinquency rates in the United States from 3rd quarter 2012 to 2nd quarter 2024, by stage (30, 60 and 90 days past due) [Graph], Philadelphia Fed, October 9, 2024. [Online]. Available: https://www.statista.com/statistics/1445165/credit-card-mortgage-delinquency-rates-usa/
