Tag Archive for ‘heloc’

Aggregate Household Debt Expands, but HELOCs Shrink

Data released by the Federal Reserve Bank of New York shows that aggregate consumer debt increased in the fourth quarter of 2013 by 2.1%, or $241 billion, from its level in the third quarter of 2013. According to the release, household debt now totals $11.5 trillion. This is the largest quarter-over-quarter increase seen since the third quarter of 2007. Over… Read More ›