• Mortgage balances shown on consumer credit reports declined, with a $74 billion decline during the second quarter of 2026 and totaled $13.1 trillion at the end of June. The decline was due to a temporary gap in the reporting of mortgages on credit reports due to a transfer of servicing. Balances on home equity lines of credit (HELOC) rose by $13 billion, marking the 17th consecutive quarterly increase. Outstanding HELOC balances now total $459 billion, $142 billion above the low reached in 2022Q1. Non-housing debt balances grew by $48 billion, or 0.9%, from 2026Q1. Auto loan balances rose by $28 billion (1.7%), and credit card balances increased by $21 billion (1.7%). Student loan balances declined slightly (-0.4%). Other balances, which include retail cards and consumer finance loans, edged up by $6 billion to $568 billion.

Non-housing debt balances grew by $48 billion, or 0.9%, from 2026Q1. Auto loan balances rose by $28 billion (1.7%), and credit card balances increased by $21 billion (1.7%). Student loan balances declined slightly (-0.4%). Other balances, which include retail cards and consumer finance loans, edged up by $6 billion to $568 billion.

Aggregate delinquency rates improved slightly. As of the end of June, 4.7% of outstanding debt was in some stage of delinquency, 0.1 percentage points down from the previous quarter. Transition into early delinquency upticked slightly for auto loans and mortgages, but was largely steady for credit cards and other debts. Delinquency transitions improved slightly for home equity lines of credit. Transition rates into serious delinquency unchanged. Student loans remained an exception, with the continued impact of the re-reporting of defaulted student debt causing some distortions in student loan delinquency rates.

Technical Notes
Data Dictionary