• Mortgage balances shown on consumer credit reports grew by $98 billion during the fourth quarter of 2025 and totaled $13.17 trillion at the end of December. Balances on home equity lines of credit (HELOC) rose by $12 billion, the 15th consecutive quarterly increase. There is now $433 billion in outstanding HELOC balances, $116 billion above the low reached in 2022Q1. In total, non-housing balances increased by $81 billion, a 1.6% increase from 2025Q3. Credit card balances rose by $44 billion during the fourth quarter and now total $1.28 trillion outstanding, up 5.5% since last year. Auto loan balances edged up by $12 billion to $1.66 trillion. Other balances, which include retail cards and consumer finance loans, rose by $14 billion and now total $564 billion. Student loan balances increased by $11 billion and now stand at $1.66 trillion.

Credit card balances rose by $44 billion during the fourth quarter and now total $1.28 trillion outstanding, up 5.5% since last year. Auto loan balances edged up by $12 billion to $1.66 trillion. Other balances, which include retail cards and consumer finance loans, rose by $14 billion and now total $564 billion. Student loan balances increased by $11 billion and now stand at $1.66 trillion.

Aggregate delinquency rates worsened in the fourth quarter of 2025. As of the end of December, 4.8% of outstanding debt was in some stage of delinquency, 0.3 percentage points higher than 2025Q3. Transition into early delinquency ticked up for mortgages, but held mostly steady for autos, credit cards, and HELOCs.

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