A report that tracks the performance of consumer credit, including mortgages, revealed an across-the-board improvement in consumer delinquency — with Dallas improving most among large cities. Hurricanes could drive up rates in some regions.

Ninety-day delinquency on consumer credit — including automobile loans, bank cards, first-lien mortgages and second-lien mortgages — was 0.82 percent as of Sept. 30, according to the Composite Credit Default Index.

A 5-basis-point decline was recorded for the index from one month earlier. Compared to the same 30 days one year earlier, delinquency for U.S. consumers has fallen 6 BPS.

Source: Mortgage Daily