Stay Informed and Stay Ahead: Market Watch, July 21st, 2024.
Credit Markets
Key Takeaways
+ Non-mortgage debt growth rates have fluctuated significantly over the past decade, from 0.0% in 2013 to 50.0% in 2023. Projections indicate non-mortgage debt will grow at 8.15% in 2024 and 8.56% in 2025.
+ Mortgage debt growth rates have recovered from -7.3% in 2013 to 13.8% in 2023. This growth has been more stable, with expected rates of 2.56% in 2024 and 2.69% in 2025.
+ These trends highlight the dynamic nature of debt growth and suggest more stable expansion ahead.
Historical and Projected Growth Rates
