Household borrowing
The total credit liabilities of households (including mortgage and non-mortgage loan debt) rose $7.5 billion (+0.3%) to reach $2,817.5 billion in December 2022. The pace of growth remained relatively static for mortgage loan debt (+0.3%) and non-mortgages (+0.1%) in December. Real estate secured debt, composed of both mortgage debt and home equity lines of credit, grew $6.7 billion (+0.3%) to reach $2,263.1 billion.
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