America’s book of single-family loans expanded last year, though the balance of home-secured credit lines outstanding declined. Serious mortgage delinquency dropped.
Among all U.S. households, aggregate household debt balances amounted to $13.15 trillion as of Dec. 31, 2017, expanding from $12.58 trillion at the end of 2016.
Mortgage debt outstanding accounted for $8.88 trillion of the most-recent total. The nation’s mortgages outstanding grew from $8.48 trillion as of Dec. 31, 2016.
Source: Mortgage Daily