Posted on 11/14/2013 11:34:22 AM PST by whitedog57
According to the Federal Reserve of New Yorks Quarterly Report on Household Debt and Credit, mortgages, the largest component of household debt, increased by 0.7 percent in the third quarter of 2013. Mortgage balances shown on consumer credit reports stand at $7.90 trillion, up by $56 billion from the level in the second quarter. Balances on home equity lines of credit (HELOC) dropped by $5 billion (0.9 percent) and now stand at $535 billion. Household non-housing debt balances increased by 2.7 percent, with gains of $31 billion in auto loan balances, $33 billion in student loan balances and $4 billion in credit card balances.
mortgagedebt
More good news for the mortgage market. Serious delinquencies (90+ days) continue to decline. Only students loans are rising (along with home equity lines of credit (HELOCs)).
sl90plus
The bad news? Student loans have been accelerating since 2009. It looks like they are trying for escape velocity.
studentloanszip
What prevented you from actually posting the charts you have stolen?
Costing us more to propagandize our children
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