Here Come the HELOCs: Mortgages, the Burden of Mortgage Debt, Delinquencies, and Foreclosures in Q2

Mortgage balances rose by just $77 billion, or by 0.6% in Q2 from Q1, the smallest percentage increase since the dip in Q2 2023, and the second smallest since 2018, to $12.5 trillion. Year-over-year, balances are up 4.2%, according to the Household Debt and Credit Report from the New York Fed today, as sales..