New York Fed Flags 3% Auto, 1.52% Mortgage Delinquency Rise as Credit Card Stress Stays Elevated
Updated
Updated · Fox Business · Aug 11
New York Fed Flags 3% Auto, 1.52% Mortgage Delinquency Rise as Credit Card Stress Stays Elevated
3 articles · Updated · Fox Business · Aug 11
Summary
4.7% of outstanding household debt was in some stage of delinquency in Q2 2026, even as new auto-loan and mortgage delinquencies ticked higher and credit-card delinquencies stayed elevated.
Auto loans entering serious delinquency rose to 3% from 2.93% a year earlier, mortgages to 1.52% from 1.29%, and credit cards to 6.97% from 6.93%.
Credit-card balances more than 30 days past due held near 9% of outstanding balances, while auto loans were about 8% and mortgages around 4%.
New York Fed economists said the higher stock delinquency rate mainly reflects lenders carrying stale charged-off debts longer, rather than a broad deterioration in new consumer distress.
Student loans remained an outlier because the return of default reporting after the pandemic-era pause distorted those delinquency readings.