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Tag Archives: Mortgage Debt

Mortgage Debt on the Rise, Volume of Mortgages Falling

During the same time frame of the household-owned value of the U.S. housing market reaching an all-time high of $26.12 trillion, the share of homeowners with a mortgage is at 62.9%—the lowest level since 2005—according to the Urban Institute.  The ...

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Can Having Mortgage Debt be Good for You?

debt

Is having debt a good thing? A new study by LendingTree found a correlation between mortgage debt and life expectancy, as higher debt relative to income is linked to higher life expectancy.  “That trend reaffirms the idea that homeownership is ...

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The Changing Makeup of Consumer Debt

debt

Mortgage debt makes up a noticeably smaller share of total consumer debt than it did a decade ago, according to the latest Equifax National Consumer Credit Trends Report, covering data for March 2018. According to the Equifax report, mortgage debt ...

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Debt and Regret Among Some Homebuyers

Purchasing a home is unquestionably one of the biggest expenditures most consumers will make in a lifetime. It’s exciting, it’s nerve-wracking, it’s fraught with decisions. And when you finally find the “perfect” space to call your own, it’s also nearly ...

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Making Mortgage Forgiveness Tax Relief Permanent

500 days

United States tax policy has been in the spotlight in recent months, with President Trump signing the Tax Cuts and Jobs Act into law in December, and experts debating what the long-term impact of the bill will be ever since. ...

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Experian: Credit Outlook Bright for 2018

Consumer credit reporting agency Experian has released its eighth annual State of Credit report, showing a positive state of affairs that includes average credit scores trending upward and inching closer to pre-Recession totals. Experian’s data reveals that the national average ...

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Household Debt Reaches Recession-Level Highs

On Wednesday, the New York Federal Reserve released its Q1 report on household debt and credit. According to the report, total household debt totaled $12.73 trillion in Q1 2017. This means that household debt has finally surpassed its $12.68 trillion peak reached during the recession in 2008. This is a $149 billion quarterly increase.

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