Items Tagged with 'household debt'

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  • Americans now have more debt than ever before

    Mortgage debt hits highest level in 9 years
    Thanks to increases in mortgage, auto loan, and credit card debt, Americans now have more debt than ever. In fact, mortgage debt now rests at $9 trillion. It’s the first time that mortgage debt has reached the $9 trillion threshold since the second quarter of 2009.
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  • Mortgage debt surges in fourth quarter

    But market still showing signs of recovery
    Mortgage debt surged in the fourth quarter of 2017 but remains far from its previous peak level. The report explained that unlike overall debt balances, which surpassed their previous 2008 peak last year, mortgage debt remains 4.4% below its peak level.
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  • Canadians struggle with near-record household debt

    Flock to U.S. housing market?
    Canadians are dealing with near record levels of household debt, but mortgage delinquencies continue to improve. As the country worked to cool its heating housing market, home sales dwindled. So now where are the latest round of potential homebuyers looking? Here, in the U.S.
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  • Americans fall deeper into debt than ever before [Charts]

    Debt now surpasses previous 2008 peak
    Americans are taking on more debt than ever before, as the level of consumer debt just surpassed its 2008 peak. After nine years, debt levels recovered from the recession. And over the past century, household debt growth is even more substantial. These charts explain the growth patterns.
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  • Household debt to hit new record in 2017

    All categories of debt increased in Q4
    Household debt is set to hit an all-new high in 2017 after showing the largest increase in over a decade. Mortgages made up the majority of household debt in 2016, however student debt is also on the rise.
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  • Federal Reserve: Mortgage debt rises to 4-year high

    Mortgage debt increased by $120 billion in first quarter
    The amount of money that Americans owe to mortgage lenders rose to the highest level in more than four years during the first quarter, according to a new report from the Federal Reserve Bank of New York. Click through to read the full details.
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