The Federal Reserve Bank of Philadelphia has announced an expansion of its Large Bank Credit Card and Mortgage Data series, incorporating 67 new measurements. These additions aim to enhance the understanding of consumer credit card and mortgage usage at major banking institutions in the United States.

The newly included data points consist of 15 credit card and 52 first-lien mortgage measurements, dating back to 2012. They cover areas such as total credit card purchase volume by credit score, interest rate data for both credit cards and mortgages, the share of adjustable-rate versus fixed-rate mortgage balances and originations, types of properties being mortgaged (including single-family homes, townhouses, second homes, and investment properties), as well as delinquency rates on these properties.

These enhancements are integrated into the Large Bank Credit Card and Mortgage interactive dashboard to facilitate trend analysis over time.

Insights from the first quarter of 2025 reveal several key trends:

- Credit card performance has shown improvement with a decline in the share of card balances and accounts that are 30, 60, or 90 days past due. This marks a reversal from trends observed since late 2021. Additionally, there was a decrease in the share of credit card accounts making only minimum payments by 59 basis points.

- Interest rates on credit cards have reached near-record highs since 2012. The average purchase APR stands at 24.62 percent compared to an average rate of 20.14 percent during the pandemic period.

- Homebuyers are increasingly opting for adjustable-rate mortgages (ARMs) over fixed-rate products in search of cost savings. Conventional ARMs accounted for over a quarter of large bank first mortgage originations compared to just 7.8 percent in early 2021.

The Philadelphia Fed's dataset covers approximately four-fifths of total U.S. bank card balances and about one-eighth of the U.S. residential mortgage market. Data is sourced from Federal Reserve Y-14M reports collected by various U.S.-based financial institutions with assets exceeding $100 billion.

The Federal Reserve Bank of Philadelphia plays a crucial role in formulating monetary policy, supervising financial institutions within its jurisdiction which includes eastern and central Pennsylvania, southern New Jersey, and Delaware.