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Mortgage Debt Rises, Federal Reserve Shows

August 24, 2016 9:49 pm

According to the Household Debt and Credit Report released by the Federal Reserve Bank of New York, the outstanding amount of housing-related debt, both home mortgages and home equity lines of credit (HELOCs), totaled $8.8 trillion in the second quarter of 2016, 2.6 percent ($225 billion) greater than the level from one year ago. However, the outstanding […]
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