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Click to enlarge.
Click to enlarge.
These exponential trends are not our friends.
Source Data:
St. Louis Fed: Home Equity to Household Debt
St. Louis Fed: Home Equity to Total Debt
Friday: No Major Economic Releases
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 10:00 AM ET, *University of Michig...
55 minutes ago
5 comments:
Last time I checked, the difference between mortgage debt and the value of the property secured by mortgages was about $6 trillion. Those are real losses that someone is going to have to take: either a bank, a homeowner, or the government through FNMA/FHMC/FHA/VHA.
It's going to take me years to pay down my part of it, not counting what the government dumps on me.
Mr Slippery,
Removing all the homes that have been paid off in full would certainly make the remaining data all that much scarier.
here's me graph for that
http://research.stlouisfed.org/fred2/graph/?g=2s4
(. . . much scarier I means)
I have fantastic news.
I helped the economy out big time today.
I saw the dentist to fix my broken crown. I'll also be helping the economy again in about 6 weeks to put the new crown in.
Woohoo! Sigh. ;)
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