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Tuesday, February 21, 2017

Bill McBride — Mortgage Debt as Percent of GDP

Mortgage debt has declined by $1.21 trillion from the peak. Studies suggest most of the decline in debt has been because of foreclosures (or short sales), but some of the decline is from homeowners paying down debt (sometimes so they can refinance at better rates).
Calculated Risk
Mortgage Debt as Percent of GDP
Bill McBride

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