Story perspectives

Mortgage and Auto Loan Delinquencies Surge Amid Economic Strain

4/2/2025

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Summary

Story summary

VantageScore noted an increase in mortgage and auto loan delinquencies in February 2025, with mortgage delinquencies peaking since early 2024.
Average mortgage balances rose by 2.8% year-over-year, while auto loan delinquencies hit record levels, especially among subprime borrowers.
The average credit score fell to 701, impacted by student loan repayments and higher loan balances.
Economic factors like inflation and interest rates are intensifying financial strain on borrowers.

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Story summary

VantageScore noted an increase in mortgage and auto loan delinquencies in February 2025, with mortgage delinquencies peaking since early 2024.
Average mortgage balances rose by 2.8% year-over-year, while auto loan delinquencies hit record levels, especially among subprime borrowers.
The average credit score fell to 701, impacted by student loan repayments and higher loan balances.
Economic factors like inflation and interest rates are intensifying financial strain on borrowers.