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