The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through September 2020. In the third quarter of 2020, consumer credit increased at a seasonally adjusted annual rate of 2-1/4 percent, while nonrevolving credit increased by 4 percent and revolving credit decreased by 2-1/2 percent. In September, consumer credit increased at... Read More ›
The post Open-Ended Credit Rebounds in Third Quarter first appeared on Eye On Housing.