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US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000
US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000
Authored by Mary Prenon via The Epoch Times,
America’s mortgage debt continues to escalate, hitting the $13.2 trillion mark, according to an April 30 WalletHub report.
The personal finance website and app indicated that the average U.S. household owes nearly $109,000 in outstanding mortgage balances and that mortgage debt has remained on an upward trend over the past few years.
“Mortgage rates are the highest they’ve been in around a decade, and home prices have seen a meteoric rise in recent years...
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