Boston Marathon: TransUnion’s Analysis of Key Credit Variables

Today, more than 35,000 runners will race through the 26.5 miles of the Boston Marathon. To celebrate one of the world’s oldest racing events, TransUnion used its latest Industry Insights Report to share insights on Boston’s credit, mortgage and auto loan delinquency rates.

The Industry Insights Report, released every quarter, contains an analysis of more than 220 million credit-active U.S. consumers and how they are managing credit related to mortgages, credit cards and auto loans. The analysis looked at consumer-level delinquency rates for credit card (90 days past due), mortgage (60 days past due) and auto (60 days past due) loans. More information about the Industry Insights Report can be found at http://www.transunioninsights.com/IIR/.

Credit Card
In Q4 2014, the average bankcard balance per consumer in the Boston MSA was $5,446, which remained steady from $5,442 in Q4 2013. Credit card delinquency rates declined from 1.24% in Q4 2013 to 1.13% in Q4 2014, a year-over-year decline of 8.3%. The national credit card delinquency rate was 1.47% for Q4 2014.

Mortgage
In Q4 2014, the average mortgage balance per consumer in the Boston MSA was $260,846, a 1.6% increase from $256,761 in Q4 2013. Mortgage delinquency rates in Boston declined from 3.08% in Q4 2013 to 2.69% in Q4 2014, indicating a 12.8% year-over-year decline. The national mortgage delinquency rate was 3.29% in Q4 2014.

Auto
In Q4 2014, the average auto loan balance per consumer in the Boston MSA was $14,637, a 5.3% increase from $17,672 in Q4 2013. Auto loan delinquency rates in Boston increased from 0.68% in Q4 2013 to 0.71% in Q4 2014, a year-over-year increase of 5.5%. The national auto delinquency rate was 1.16% in Q4 2014.

To learn more about the national delinquency rates for Q4 2014, visit http://www.transunioninsights.com/IIR/.