New York Federal Reserve: The delinquency rate on household loans in the United States is rising

The New York Federal Reserve report shows that the proportion of loans overdue by at least 30 days in the United States has risen to 5%, up from 4.7% in the second quarter. The total household debt increased by 1.8% quarter-on-quarter, reaching $19.1 trillion.

The proportion of mortgages overdue by more than 90 days has risen to 1.13%, the highest level since 2018. The balance of home equity lines of credit increased by $23 billion, the largest increase since 2005.