Economics
Americans Kept Borrowing in First Quarter as New Mortgages Eased
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Americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to the weakest level since late 2014, according to a Federal Reserve Bank of New York report.
Total U.S. household debt rose 0.9% from the prior quarter to $13.67 trillion in the first three months of 2019, about in line with the pace in recent years, New York Fed data showed Tuesday.