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

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.

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