Eye On Housing
According to a report by the Mortgage Bankers’ Association the delinquency rate for mortgage loans on 1-4 unit residential properties decreased to a seasonally adjusted rate of 5.30% of all loans outstanding at the end of the second quarter of 2015, 24 basis points less than its level in the first quarter of 2015 and 74 basis points below its level one… Read More ›
Aggregate household debt balances were unchanged at $11.85 trillion in the second quarter of 2015 according to the Federal Reserve Bank of New York. Housing-related debt, mortgages and home equity lines of credit fell by a combined $66 billion, $55 billion and $11 billion respectively, while non-housing debt, auto loans, credit cards, student loans and other loans, rose by $68… Read More ›
The Federal Reserve Board recently reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 7.0%, $234.5 billion, in the second quarter of 2015, 1.4 percentage points faster than the 5.6% rate of growth recorded in the first quarter of 2015. Consumer credit outstanding now totals $3.422 trillion. The increase in total consumer credit outstanding partly reflected an expansion… Read More ›
The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 5.7%, $193.0 billion, in May 2015, slower than the 7.6% rate of growth recorded in April 2015. Consumer credit outstanding now totals $3.401 trillion. The expansion of total consumer credit outstanding partly reflected an increase in the outstanding amount of non-revolving consumer credit. Non-revolving… Read More ›
The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 7.3%, $246.5 billion, in April 2015. Consumer credit outstanding now totals $3.385 trillion. For the first time in 13 months and the second time in 87 months, the monthly growth rate of revolving credit outstanding outpaced the increase in non-revolving credit. Revolving credit outstanding… Read More ›
The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 7.4%, $246.3 billion, in March 2015. Over the first quarter of 2015, consumer credit outstanding increased by 5.4%. Consumer credit outstanding now totals $3.363 trillion. The expansion of total consumer credit outstanding largely reflected an increase in the outstanding amount of non-revolving consumer credit…. Read More ›
The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 5.6%, $186.2 billion, in February 2015. Consumer credit outstanding now totals $3.343 trillion. The expansion of total consumer credit outstanding reflected an increase in the outstanding amount of non-revolving consumer credit. Non-revolving consumer credit includes auto loans and student loans. According to the report,… Read More ›
The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 4.2%, $138.7 billion, in January 2015. Consumer credit outstanding now totals $3.3 trillion. The expansion of total consumer credit outstanding reflected an increase in the outstanding amount of non-revolving consumer credit. Non-revolving consumer credit includes auto loans and student loans. According to… Read More ›
A recent release from the Federal Reserve Board indicates that consumer credit outstanding grew by a seasonally adjusted annual rate of 6.9% over the year of 2014, accelerating from the 6.0% growth rate recorded in 2013. At the end of 2014, there was $3.3 trillion in consumer credit outstanding. The expansion in consumer credit outstanding over the year largely reflected… Read More ›
According to the Federal Reserve Board, consumer credit outstanding expanded over the month of November 2014. However, the rate of expansion was slower in November than it was in October. On a seasonally adjusted annual rate basis, total consumer credit, which excludes housing related credit such as mortgages and home equity lines of credit, rose by 5.1%, $169 billion, over… Read More ›