Tag Archives: Household Debt

According to a new LendingTree study, rates began to trend in the right direction after peaking in October, with the average rate for 30-year fixed mortgages falling to below 7.00% by December, ending the year more than a percentage point lower than their 2023 peak. But will economic conditions continue to ease in 2024?

Mortgage balances, which form the largest component of household debt rose substantially, even as median credit scores of newly originating borrowers declined during the last quarter of 2017 ...

The American Institute of CPAs (AICPA) reported a new telephone survey of 1,004 U.S. adults conducted by the Harris Poll—with results showing 73 percent of Americans living with ...

In tandem with rising home prices and growing stock market, the national net worth of households in the United States grew by 1.7 percent in the second quarter of 2017.

While mortgage balances in the United States ticked up slightly over-the-year in Q2, home equity lines of credit (HELOC) balances declined. Why are these two cohorts headed in different directions?

While household debt increased in Q2, the mortgage sector’s share of that debt declined from a huge spike in the first quarter, according to the New York Fed.

Mortgages, the largest component of household debt, increased in the first quarter due to the year-over-year uptick in originations.

The Federal Reserve Bank of New York said Tuesday that outstanding household debt increased $117 billion from the third quarter of last year to the fourth, putting total indebtedness at about $11.8 trillion as of the end of 2014. Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion.