US Credit Conditions – Federal Reserve Bank of New York
US Credit Conditions – Federal Reserve Bank of New York 1.
The Federal Reserve Bank of New York has constructed a very neat interactive tool that displays a wide variety of credit conditions across the country. You can search delinquency rates on student loans, auto loans, mortgages and much more (check out link above). It is very interesting to see where your county stacks up relative to the rest of the country. Below is the “heat map” of the country’s mortgage delinquencies (defined as nonpayment for 90+ days).
A few interesting things to note:
- 5.3% mortgage delinquency nationwide (Florida has some areas with 22+% delinquency rates)
- 10.6% student loan delinquency rate nationwide (defined as nonpayment for 60+ days)
NeilS – I had fun tooling around with the website and comparing my county and state to others around the country. I hope some of you can find this data informative and useful as well.