U.S. Households’ Mortgage Debt Rises to Four-Year High, Fed SaysBy
More home-loan debt sends total borrowing to highest since ’09
Growth slows in auto loans, credit-card balances, student debt
Increased mortgage borrowing was behind a 1.1 percent rise in U.S. household debt in the first quarter, with slowdowns in other areas such as credit-card balances and auto loans, according to the Federal Reserve Bank of New York.
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