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Real Estate & Property Law

: Housing Wire

Mortgage Liabilities Shrink as Borrowers Pay Down Debt

By DIANA GOLOBAY

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Household debt shrank at an annual rate of -0.8 percent for the third quarter 2008, compared with the 0.6 percent annual growth in household debt seen just one quarter before. Federal debt, however, attempting to counter the failing financial market and bleeding job market, spiked over last year in the third quarter. It had only [...]

Full post as published by Housing Wire on December 11, 2008 (boomark / email).

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