Total Household Debt

“Mortgage balances—the largest component of household debt—rose by $85 billion in the third quarter and sat at $9.86 trillion on September 30. Mortgage originations, which include refinances, were at $1.05 trillion, the second highest volume in the history of the series and second only to the historic refinance boom in 2003 Q3.”

This comes from a new report on total household debt from the Federal Reserve…

The post Total Household Debt appeared first on The Irrelevant Investor.