NY Fed: US loan delinquency rate rises to 5%, mortgage delinquencies hit 2018 high

Cointime reports: The share of US loan balances at least 30 days past due rose to 5% in the third quarter from 4.7% in the second, the New York Fed’s Household Debt and Credit Report showed on November 11. Total household debt grew 1.8% quarter-on-quarter to $19.1 trillion. Mortgage balances more than 90 days delinquent climbed to 1.13%, the highest since the first quarter of 2018, while home equity line of credit balances rose $23 billion, the largest increase since 2005.