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https://pbs.twimg.com/media/GIPCzGiXkAAscBm?format=jpg&name=large
interesting, what is the non-mortgage component made up of?
I guess crédit cards bills, buy now pay later stuff etc?
i guess, but quite strange to see how much the debt load has shifted away from mortgages recently.
any good theories as to why?
The mortgage debt load (in absolute terms) is also increasing. Non-mortgage debt tends to have higher rates.
https://m.stacker.news/19919
Source
Business loans HELOC Credit of all kinds
It's interesting that both mortgage and non mortgage are coming closer after a long time. It indicates better and sustainable market conditions.
it indicates, brrrrrrrr
It indicates better and sustainable market conditions.
Does it? Basically all other forms of credit have even worse conditions than mortgages.
Sad to see everyday people getting wrecked. On the one hand, "They shouldnt be in debt," but on the other, the whole financial system is built to put them in debt, innit.
interesting, what is the non-mortgage component made up of?
I guess crédit cards bills, buy now pay later stuff etc?
i guess, but quite strange to see how much the debt load has shifted away from mortgages recently.
any good theories as to why?
The mortgage debt load (in absolute terms) is also increasing. Non-mortgage debt tends to have higher rates.
https://m.stacker.news/19919
Source
Business loans HELOC Credit of all kinds
It's interesting that both mortgage and non mortgage are coming closer after a long time. It indicates better and sustainable market conditions.
it indicates, brrrrrrrr
Does it? Basically all other forms of credit have even worse conditions than mortgages.
Sad to see everyday people getting wrecked. On the one hand, "They shouldnt be in debt," but on the other, the whole financial system is built to put them in debt, innit.