MarketWatch reporter Andrea Riquier wrote a great article last week, covering the New York Fed’s quarterly report. She makes a lot of great points, and the article is well worth the read. But my question is, where’s the debt? Overall debt is down from $12.68 to $12.12 trillion. But mortgage debt is down from $10 to $8.74 trillion. So, my question is, where’s the extra $700 billion in debt? It can’t be all in student loans, and I don’t think it’s in credit cards, but, wherever it is, while Americans may be building equity in their homes, they’re building debt somewhere else. And that might represent a liquidity problem in the not too distant future.

 

Debt


Get a Personalized Mortgage Rate Quote
Loan Amount:

Property Value:

Zipcode:


Loan Purpose:
Cashout Amount:
Streamline:

Credit Score:


Property Type:
Get Social with Jim Crowder

Crowder Mortgage

Jim Crowder

1434 Spruce Street

STE 100

Boulder, CO 80302


877.762.4375

303.243.3918