Household borrowing
In May, the total credit liabilities of households rose $5.1 billion (+0.2%) to reach $2,955.9 billion. Real estate secured debt, composed of both mortgage debt and home equity lines of credit, grew by $5.7 billion (+0.2%). Household mortgage debt increased $6.4 billion (+0.3%) in May, an acceleration compared with April (+0.2%).
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