August 4, 2021 - U.S. household debt rose at the fastest pace since 2013 in the second quarter, driven by a mortgage boom as Americans took advantage of low borrowing costs and sought more space to work from home.

August 7, 2020 - The Report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample of individual- and household-level debt and credit records drawn from anonymized Equifax credit data. This latest report reflects consumer credit data as of June 30, 2020. Mortgage ...

May 5, 2020 - Americans increased their borrowing for the 23rd straight quarter to a total of $14.3 trillion, according to the Federal Reserve Bank of New York, the latest snapshot of household balance sheets entering what many experts believe to be a recession.

June 7, 2022 - Homeownership rates in the United States have increased steadily since the height of the 2007-2010 housing crisis. Despite this, increasing interest rates and high home…

April 29, 2019 - That’s $193 billion more than the quarter before, according to the latest data released by the Federal Reserve Bank of New York. Most of that increase — about $139 billion — has been in mortgage debt. Americans owe a total of $8.88 trillion in mortgages loans.

February 12, 2020 - Total household debt balances rose by $601 billion last year, topping $14 trillion for the first time, according to a new report by the Fed branch. The last time the growth was that large was 2007, when household debt rose by just over $1 trillion. Fed economists said on the Liberty Street Economics blog that the growth was driven mainly by a large increase in mortgage ...

February 9, 2022 - Mortgage originations for the year totaled more than $4.5 trillion, a new record. Credit card balances increased by $52 billion in the final three months of the year, a new quarterly record that brought total debt in that category to $860 billion. Owing to the rapid gain in prices, auto-loan balances rose by $90 billion, or 6.6%, to $1.46 trillion. New auto prices rose 11.8% for the year while prices for used ...

August 14, 2018 - Thanks to increases in mortgage debt, auto loan debt, and credit card debt, Americans now have more debt than they ever have before. The data comes courtesy of the Federal Reserve Bank of New York’s Center for Microeconomic Data, which just released its latest Quarterly Report on Household Debt and Credit. The latest report, which covers the second quarter of 2018, shows that total ...

November 20, 2018 - Rising home prices have forced consumers to routinely take on higher home mortgage debt, which is set to surpass the amount of borrowing that occurred 10 years ago—right before the housing market crash. According to the Federal Reserve, outstanding mortgage debt totaled $10.2 trillion in ...

February 13, 2019 - But a slowdown in mortgage originations has tempered debt growth in Q4, the New York Fed said. Mortgage originations declined from $445 billion to $401 billion, reaching their lowest level in nearly four years. Mortgage balances totaled $9.1 trillion, mostly unchanged from the previous quarter.

February 13, 2018 - Total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York's Center for Microeconomic Data. The report said it was fifth consecutive year of annual household debt growth with increases in the mortgage, student, auto and ...

February 16, 2017 - That means the debt loads of Americans are flirting with 2008 levels, when total consumer debt reached a record high of $12.68 trillion. ... Rising debt hints that banks are extending more credit. Mortgage originations increased to the highest level since the Great Recession.

May 17, 2017 - The fear is that ballooning debt ... the mortgage meltdown a decade ago. “This is not a marker we should be superexcited to get back to,” said Heather Boushey, the executive director and chief economist at the Washington Center for Equitable Growth, a liberal think tank. “In the abstract, more debt signals optimism. But in reality, families are using debt as a mechanism to pay for things their incomes don’t support.” · Since World War II, total household ...

August 8, 2017 - And 12% of those who used loans had a longer repayment period than the amount of time they even planned to own the vehicle. Another trend: Older Americans are taking on a greater share of debt than in years past. Those ages 60 and older held 22.5% of total household debt in the fourth quarter of 2016, compared with 15.9% in 2008 and 12.6% in 2003. Although much of that debt is likely due to mortgages...

Each year the Mortgage Bankers Association estimates the total production volume of 1 to 4 family unit residiential mortgages across the United States. Here is their annual mortgage origination volume estimate data from 1990 through 2026, with amounts listed in billions of Dollars. Data from years 2023 through 2026 contain estimates, made using information available on October 15, 2023. The MBA estimates $13.61 trillion in mortgage debt ...

November 28, 2023 - That’s up 3.9 percent from 2020’s average balance of $92,727, largely due to the rising balance of mortgage and auto loans. Americans spend roughly 9.58 percent of their disposable income on debt repayment, according to the Federal Bank of St. Louis. American households in total hold $11.67 ...