CLICK BELOW TO REDISCOVER HUMANITY

A DECADE+ OF STORYTELLING POWERED BY THE BEST WRITERS ON THE PLANET

Why are Americans Paying off their Mortgages, but not Student Loans?

After years of struggling to shake off the stigma it earned from its part in the housing market downturn, it looks like mortgage lending might finally be repairing its image. A recent report from the New York Federal Reserve indicates that mortgages and home equity loans are experiencing lower delinquency rates than all other forms of consumer debt, compared to sharp increases in other delinquencies, particularly student loans.According to statistics provided by credit bureau TransUnion, the nationwide mortgage loan delinquency rate — that of a borrower more than 60 days overdue on a home loan payment — held steady at 3.29 percent by the end of the fourth quarter in 2014, indicating a rate decline of more than 14 percent within the last year. And while other types of debt, like credit cards and auto loans, continue to vacillate between high and low rates of delinquency, it was student loan delinquencies which increased through 2014. Outstanding student loan debt nationwide is now at $1.16 trillion, according to the New York Fed.

Source: Why are Americans Paying off their Mortgages, but not Student Loans? | GOBankingRates

CLICK HERE TO GET TODAY'S BEST WRITING ON THE PLANET DELIVERED TONIGHT

BIZCATALYST 360°
BIZCATALYST 360°https://www.bizcatalyst360.com/about/
WE ARE THE AWARD-WINNING PUBLISHING DIVISION OF 360° NATION —PRESENTING OUR LIFE, CULTURE, AND BIZ MULTIMEDIA DIGEST AS A HUB OF CREATIVE EXPRESSION AND PERSONAL GROWTH. WITH AN EMPHASIS ON ACTION, OUR VAST GLOBAL CONTRIBUTOR COMMUNITY EMPOWERS PEOPLE TO TRANSITION FROM KNOWING WHAT TO DO TO ACTUALLY DOING IT —ALL COMPLEMENTED BY SYNDICATION RELATIONSHIPS WITH A CHOICE GROUP OF EQUALLY INNOVATIVE MEDIA OUTLETS. TODAY AND EVERY DAY, WE SIMPLY DELIVER THE VERY BEST INSIGHTS, INTELLIGENCE, AND INSPIRATION AVAILABLE ANYWHERE —DOING IT OUR WAY BY PLACING OUR WRITERS AND OUR AUDIENCE AT THE FOREFRONT. IT'S MAGICAL. IT'S EVERGREEN. AND QUITE FRANKLY, IT'S JUST GOOD STUFF. PERIOD.

CHECK FOR TICKETS / JOIN OUR WAITING LIST! It's not a virtual event. It's not a conference. It's not a seminar, a meeting, or a symposium. It's not about attracting a big crowd. It's not about making a profit, but rather about making a real difference. LEARN MORE HERE


   

DAILY INSPIRATION. DELIVERED.