Household borrowing
Household mortgage debt rose 0.9% to reach $2,021.5 billion in May, an increase of $17.4 billion from April. The primary contributors were increased mortgage debt with chartered banks (+$14.4 billion) and credit unions (+$2.3 billion). On a seasonally adjusted basis, household mortgage debt was up 0.8% in May, slightly higher than the 0.7% increases recorded over each of the previous two months.
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