In Q2 2014, the national mortgage delinquency rate dropped once again to 3.46%. The mortgage delinquency rate, which declined for all age groups, is now at its lowest level observed since 2008. The credit card delinquency rate also declined to its lowest level - 1.16% - since TransUnion began tracking this variable. See below for details.
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The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) dropped for the tenth consecutive quarter, declining to 3.46% in Q2 2014.
The mortgage delinquency rate has now dropped nearly 20% in the last year.
The 60-day mortgage delinquency rate dropped approximately 4% between Q1 2014 and Q2 2014.
Total Account Volume in Millions
Between the second quarter of 2013 and the second quarter of 2014, every state experienced declines in their mortgage delinquency rates.
The national credit card delinquency rate (the rate of borrowers 90 or more days past due) decreased to 1.16% at the end of Q2 2014.
Between the second quarters of 2013 and 2014 Alaska was the only state that experienced a rise in its credit card delinquency rate.