Title: Credit card balances past due reach highest level since at least 2012: Philly Fed
Article Snip: "percentage of credit card balances past due reached the highest levels since at least 2012. ...New card originations also fell on a Y/Y basis, falling by $3.8B, or 3.6%. Number of accounts fell by 3.4M, or 17%, Q/Q and by 1.3M accounts, or 7.4%, Y/Y.
Mortgage originations bottomed out at a series low at $44.4B and 80,100 accounts in Q1 2024, the study said. However, with the price of houses continuing to climb, the average new loan size rose to $554,450. The median new mortgage size increased 9.6% to $335,000..."
