Auto loan balances held steady, remaining at $1.66 trillion.
Source: Federal Reserve Bank of New York
The Household Debt and Credit Report offers an updated snapshot of trends in household borrowing and indebtedness, including data about mortgages, student loans, credit cards, and auto loans. The latest report captures consumer credit data as of the end of December 2025.
HOUSEHOLD DEBT AND CREDIT REPORT
Total household debt increased by $197 billion to reach $18.59 trillion in the third quarter, according to the latest Quarterly Report on Household Debt and Credit. Mortgage balances grew by $137 billion and totaled $13.07 trillion at the end of September. The pace of mortgage originations increased, with $512 billion newly originated in the third quarter. Credit card balances rose by $24 billion from the previous quarter and stood at $1.23 trillion, while auto loan balances held steady at $1.66 trillion. HELOC balances rose by $11 billion to $422 billion, and HELOC limits rose by $8 billion, continuing the growth that began in 2022. Student loan balances rose by $15 billion and stood at $1.65 trillion.
Mortgage balances shown on consumer credit reports grew by $137 billion during the third quarter of 2025 and totaled $13.07 trillion at the end of September. Balances on home equity lines of credit (HELOC) rose by $11 billion, the fourteenth consecutive quarterly increase. There is now $422 billion in outstanding HELOC balances, $105 billion above the low reached in the first quarter of 2022. Credit card balances rose by $24 billion during the third quarter and now total $1.23 trillion outstanding and are 5.75% above the level a year ago. Auto loan balances held steady, remaining at $1.66 trillion. Other balances, which include retail cards and consumer finance loans, rose by $10 billion and now total $550 billion. Student loan balances rose by $15 billion and now stand at $1.65 trillion. In total, non-housing balances increased by $49 billion, a 1.0% increase from 2025Q2.
Credit card balances rose by $24 billion during the third quarter and now total $1.23 trillion outstanding and are 5.75% above the level a year ago. Auto loan balances held steady, remaining at $1.66 trillion. Other balances, which include retail cards and consumer finance loans, rose by $10 billion and now total $550 billion. Student loan balances rose by $15 billion and now stand at $1.65 trillion. In total, non-housing balances increased by $49 billion, a 1.0% increase from 2025Q2.
Aggregate delinquency rates remained elevated in the third quarter of 2025. The share of outstanding debt balances in some stage of delinquency was largely flat in 2025Q3; 4.5% of outstanding debt was in some stage of delinquency, 0.1 percentage point higher than the previous quarter. Transition into early delinquency held steady for nearly all debt types. Transition rates into serious delinquency, defined as 90 or more days past due, were largely stable for auto loans, credit cards, and mortgages, and edged up slightly for HELOCs. Delinquency transitions continued to rise for student loans, but stock delinquency rates for student loans appear to have leveled off.
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