Household borrowing
In December, the total credit liabilities of households increased $8.1 billion (+0.3%) to reach $2,910.0 billion. Real estate secured debt, composed of both mortgage debt and home equity lines of credit, grew $6.0 billion (+0.3%). Household mortgage debt rose $5.3 billion (+0.2% on a monthly basis; +3.0% on an annualized basis) in December, a slight increase compared with November (+2.8% on an annualized basis).
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