The U.S. consumer loan delinquency rate fell to 4.7% in the second quarter, but new mortgage delinquencies rose to a ten-year high.

According to the latest data released by the New York Federal Reserve on Tuesday, there has been a slight improvement in the consumer credit situation in the United States during the second quarter, with the share of loans overdue by at least 30 days declining marginally, and some new overdue indicators also showing a decrease. However, the new overdue rates for credit cards and auto loans remain at a high level, while the new overdue rate for mortgages has risen to its highest level since 2015, indicating that American households still face financial concerns due to high interest rates and ongoing inflation pressures.