While everyone’s buzzing about those lucky homeowners with ultra-low mortgage rates, millions of homeowners are quietly celebrating a different kind of financial freedom: ditching their mortgages altogether! That’s right, 40% of owner-occupied homes in the US are now mortgage-free.
Who Owns Mortgage-Free Homes and Where? Read More »
Data released by Federal Reserve Bank of New York in their Quarterly Report on household Debt and Credit shows that consumers added $228 billion in debt from Q2 2023 to Q2 2023 to reach $17.29 trillion. The debt burden increased by 4.8% or $786 billion from Q3 2022 to Q3 2023.
Consumer Debt is Growing Read More »
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