• Mortgage balances shown on consumer credit reports increased by $77 billion during the second quarter of 2024 and stood at $12.52 trillion at the end of June. Balances on home equity lines of credit (HELOC) increased by $4 billion, the ninth consecutive quarterly increase after 2022Q1, and there is now $380 billion in aggregate outstanding balances, $63 billion above the series low reached in the third quarter of 2021. Credit card balances, which are now at $1.14 trillion outstanding, increased by $27 billion during the second quarter and are 5.8% above the level a year ago. Auto loan balances saw a $10 billion increase, and now stand at $1.63 trillion. Other balances, which include retail cards and other consumer loans, were effectively flat, with a $1 billion increase. Student loan balances declined by $10 billion, and now stand at $1.59 trillion. In total, non-housing balances grew by $3 billion.

Credit card balances, which are now at $1.14 trillion outstanding, increased by $27 billion during the second quarter and are 5.8% above the level a year ago. Auto loan balances saw a $10 billion increase, and now stand at $1.63 trillion. Other balances, which i&nbnsp;nclude retail cards and other consumer loans, were effectively flat, with a $1 billion increase. Student loan balances declined by $10 billion, and now stand at $1.59 trillion. In total, non-housing balances grew by $3 billion.

Aggregate delinquency rates were unchanged from the first quarter of 2024. As of June, 3.2% of outstanding debt was in some stage of delinquency. Delinquency transition rates for credit cards, auto loans, and mortgages increased slightly. Over the last year, approximately 9.1% of credit card balances and 8.0% of auto loan balances transitioned into delinquency. Early delinquency transition rates for mortgages increased by 0.1 percentage point yet remain low by historic standards.

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Data Dictionary