Mortgage balances in the United States saw a significant increase in the past quarter, rising by $112 billion to reach a total of $12.25 trillion by the end of December. This surge in mortgage balances is indicative of the ongoing strength and growth within the mortgage industry. The rise in mortgage balances is a positive sign for the housing market, demonstrating increased borrowing activity and consumer confidence.
Key points:
– Mortgage balances increased by $112 billion in the previous quarter, totaling $12.25 trillion at the end of December.
– The growth in mortgage balances highlights the strength and growth of the mortgage industry.
– This surge in balances reflects increased borrowing activity and consumer confidence in the housing market.
– The rise in mortgage balances is a positive indicator for the overall health of the housing market.
– For more information, read the article “Household Debt Reached $17.5 Trillion in Q4 2023” on the Weekly Real Estate News website.
You can read this full article at: https://wrenews.com/household-debt-reached-17-5-trillion-in-q4-2023/
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