Delinquency Rate Rises in April

The delinquency rate has been increasing since the fourth quarter of 2016, when it was 5.9 percent, to 7.8 percent as of April, according to S&P Global data.

Delinquency_Chart-April2017_050217
Source: S&P Global Ratings

Following a significant dip in total delinquencies from fourth-quarter 2016 to first-quarter 2017, from $15.3 billion to $13.48 billion, the number of delinquencies ticked up slightly again in April to $13.52 billion, according to S&P data. On the other hand, the delinquency rate has continued to increase modestly since the first quarter of 2016 (when it was 5.9 percent), to 7.8 percent as of April 2017.