Americans kept borrowing in first quarter as new mortgages eased

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Americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to. Read more Countrywide’s Former CEO Is Predicting a Luxury Housing Rout

Americans Kept Borrowing in First Quarter as New Mortgages Eased. Americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to the weakest level since late 2014, according to a Federal Reserve Bank of New York report.

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Most of those measures have been eased or removed this year. In Beijing, more than half of the banks have started offering discounts of as much as 10 percent on first-home mortgages. new launches,

Americans kept borrowing in first quarter as new mortgages eased americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to the weakest level since late 2014, according to a Federal Reserve Bank of New York report.

Americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to the weakest level since late 2014, according to a Federal Reserve Bank of New York report. Total U.S. household debt rose 0.9% from the prior quarter to $13.67 trillion in the first three months of 2019, about in line with the pace in recent years.

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Americans Kept Borrowing in First Quarter as New Mortgages Eased Americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to the weakest level since late 2014, according to a Federal Reserve Bank of New York report.