National Mortgage Balances Increased by $1 Trillion in 2022

First Tuesday Journal, Mar. 24, 2023–Amy Perry
If totals impress you, U.S. mortgage balances stood at $11.92 trillion at the end of December 2022, according to the New York Federal Reserve. For comparison, student debt was $1.76 trillion as of September 2022, the amount owed by 45 million Americans.