Auto-loan interest rates surging to 2008 levels, along with increasing delinquency rates

October 12, 2023 9:34 am by CWR

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Delinquency rates on credit card loans and auto loans are rising.

But delinquency rates on mortgages as near all time lower.

Why? Because so many mortgages are locked-in to low rates.

Truly a unique time.

Follow us @KobeissiLetter for real time time analysis as this develops.

— The Kobeissi Letter (@KobeissiLetter) October 11, 2023

See also Rick is right—long-term rates stay high, politicians failing us, consequences unfolding now; Legendary economist Milton Friedman: “Inflation is made in Washington”

See also But all the real estate agents said when rates fell there would be bidding wars?

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