NEW YORK — U.S. consumers originated a record $211 billion in auto loans during the second quarter, with credit card and home equity balances also rising, the New York Federal Reserve said Tuesday in its latest household debt and credit report.

Overall consumer debt edged down to $18.8 trillion in the April-June period. The decline stemmed from a change in mortgage data reporting; the New York Fed said a corresponding increase in mortgage debt is expected in the next report.

The $211 billion in auto loan originations surpasses the roughly $200 billion in quarterly auto borrowing recorded during the 2021 vehicle-buying surge, a period marked by rising vehicle prices.

Home equity loans rose $19 billion in the second quarter, extending a four-year trend. New York Fed researchers identified a substitution pattern among older homeowners seeking to avoid the higher rates that come with full refinancing.

The overall delinquency rate across all credit categories fell to 4.7 percent of outstanding balances from 4.8 percent in the prior quarter.

In a blog post accompanying the report, New York Fed economists said credit card delinquency rates, though elevated compared to pre-pandemic levels, have stabilized.

The share of credit card debt more than 90 days past due climbed from 7.6 percent in late 2022 to 12.8 percent at the start of 2024. But a closer look at the data shows the pace of new delinquencies has held steady for roughly two years.

Researchers attributed the rise in the overall share of delinquent credit card debt to lenders retaining charged-off balances on their books longer. That practice, rather than a worsening rate of new delinquency, drove the reported increase.

About 7 percent of credit card balances have flowed into delinquency each quarter since 2024, the economists said.

The report adds detail to a persistent question for U.S. policymakers and economists: when prices outpacing incomes would translate into visible stress on consumption or debt levels.

Personal consumption spending grew 3.2 percent in the second quarter, rebounding sharply from tepid first-quarter growth and helping sustain overall economic activity.