New Data Shows Less Mortgage Debt Among Americans

According to the most recent report from Equifax National Consumer Credit Trends, the amount of outstanding balances on bank and retail-issued cards, and home finances jumped for the third month in a row. Home finances increased by $8.59 trillion; bank issued cards grew by $555.4%, and retail issued cards experienced a $62.2 billion jump. Equifax chief economist, Amy Crews Cutts said, “home purchase transactions, many being VA buyers in Oregon  and other first-time homebuyers take on entirely new mortgage debt and move-up buyers increase their existing mortgage debt, have finally overtaken foreclosures and accelerating pay-downs, resulting in increases home finance balances.” More here

 

We provide a wealth of information to Oregon Veterans who would like to purchase and use their VA loan.  Please take a look at our FAQ and VA Loan Overview section for basic information on the VA Loan Program and buying in Oregon. 

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