Americans increased their borrowing for the 21st straight quarter as more households took out loans to buy homes or refinance existing mortgages, according to a report released Wednesday from the Federal Reserve Bank of New York. Total U.S. household debt rose $92 billion, or 0.7 percent, to $13.95 trillion in the third quarter, the New York Fed’s quarterly household credit and debt report showed.
Comment on US household debt rises for 21st straight quarter lifted by mortgages
Bloomberg, Bangor Daily News
Wed, 11/13/2019 - 11:06am
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