
Household borrowing
The total credit liabilities of households (including mortgage and non-mortgage loan debt) increased 0.3% (+$9.3 billion) to reach $2,834.8 billion in February. At 0.3%, the pace of growth for mortgage loan debt remained steady for the fifth consecutive month, while growth in non-mortgages accelerated to 0.4% in February. Real estate secured debt, composed of both mortgage debt and home equity lines of credit, grew $6.4 billion (+0.3%) to reach $2,273.6 billion.
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