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NY Fed: Credit card and auto loan deliquency rates rose on Q1
Household debt rose by 0.9% in Q1 to $17.05 trillionQ1 mortgage originations were lowest since 2014Mortgage foreclosures were low in Q1Covid-era mortgage refinancing boom will provide 'significant support' for consumersEnd of low-rate period creates a roadblock for selling homesThe world is figuring out that the real superpower of the US is the 30-year fixed mortgage. That's going to provide a dividend to US spending for a long, long time."The improved cash flow from the recent refinance boom wi...
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Posted: May 15 2023, 15:03
Author Name: forexlive
Views: 081766