02/19/2025
HELOC balances rose from $9 billion at the beginning of Q4 to $396 billion at the end of 2024. Those low rate mortgages aren't going to be paid off any time soon. Delinquencies continue to rise for car loans.....read the latest from the Fed
At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the n...