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Household debt inches higher than auto loans rev



Bloomberg

The numbers: Household debt rose for the 1

8th straight period in the fourth quarter, edging up 0.2% to $ 13.54 trillion, The New York Fed said Tuesday, even as new mortgage debt fell to the lowest

Household debt is now 21% above the credit crunch. What happened: Mortgage originations fell to $ 401 billion from $ 445 billion, as last year's rising mortgage rates. Balances on home equity loans

Student

Student debt, now $ 1.46 trillion, rose for the quarter, as did credit-card debt

The big picture: The New York Fed Report highlighted that the new car loans were mostly creditworthy individuals,

] As opposed to banks by as opposed to banks.

According to the New York Fed, 6.5% of those made by credit unions.


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