Nov
19
Fed Says Mortgages Push Household Debt to Highest Since 2010
By-
New York Fed releases quarterly household debt, credit report
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Fed says total household indebtedness rises $212b to $12.07t
Accelerating increases in auto loan debt and mortgage credit helped propel total borrowings of U.S. households to the highest level in more than five years, the Federal Reserve Bank of New York said Thursday.
Household debt rose by 1.8 percent, or $212 billion, in the third quarter to $12.07 trillion, the most since the first quarter of 2010, according to the New York Fed’s quarterly report on household debt and credit…
