U.S. Household Debt Nears $16trln, But Mortgage, Auto Loan Demand Wanes–NY Fed

Reuters, May 10, 2022–Dan Burns
U.S. household debt rose to a record $15.84 trillion in the first quarter driven almost entirely by a $250 billion increase in home loan balances, but the rise was the smallest in a year and new mortgage and auto loan originations declined for a third straight quarter. (MBA mention)