Consumers’ Inflation Expectations Decline At All Horizons
But expectations about household financial situation improve.
Tagged: Federal Reserve Bank of New York
Mortgage Balances Remain Stable While Credit Card Debt Increases
Credit card balances surge to series high amid stagnant mortgage market.
Total Household Debt Topped $17T In Q1 2023
N.Y. Fed says quarterly increase of 0.9% due mostly to non-housing-related debt.
N.Y. Fed Survey: Consumers Say It's Harder To Get Credit
The share of households reporting it is harder to obtain credit than one year ago rose, reaching a series high.
N.Y. Fed: Short-Term Home Price Expectations Drop Sharply
Average one-year-ahead home-price growth expectations fell to 2.6%, the lowest reading since the survey began in 2014.
N.Y. Fed: Household Debt Reaches $16.9T
Mortgage originations fell to $498B, returning to pre-pandemic levels.
Consumers Expect Both Inflation & Home Prices To Fall
Consumers also more optimistic that household income will grow.
N.Y. Fed: Led By Refis, Credit Demand Declined In 2022
Mortgage refinance application rates plunged from 21.4% in October 2021 to 8.9% in October 2022.
Federal Reserve Bank of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System.
Household Debt Climbs As Mortgage Originations Fall
Total household debt in the quarter increased 2.2% to $16.51 trillion.