Household borrowing
In November, the total credit liabilities of households (including mortgage and non-mortgage loan debt) rose $7.5 billion (+0.3%) to reach $2,811.4 billion. Mortgage (+0.3%) and non-mortgage (+0.2%) loan debt both slowed their pace of growth in November. Real estate secured debt, composed of both mortgage debt and home equity lines of credit, grew $6.3 billion (+0.3%) to reach $2,257.4 billion.
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