Jun 20, 2013

Mortgage Debt: New Findings
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Written by : Kari Cullen| 0 | Finance, Real Estate

Mortgage

SaveUp released its June U.S. Consumer Savings and Debt Report and it revealed that the West was recovering and taking on more mortgage debt while the South and Midwest continue to shed debt to clear economic woes.

In the Midwest the average mortgage debt load decreased May to June by $2,416, while the Northeast experienced a smaller decrease of $1,421 on average. However, the South saw an increase in average mortgage load to the tune of $1,209, while the average mortgage load in the West increased by a staggering $2,791. The drop in average mortgage debt in the Midwest was primarily driven by Michigan, where the average debt load dropped $10,131 from May to June. However, the increasing mortgage debt in the West was primarily influenced by California, where mortgage debt increased $2,128.

Read More hereMortgage Debt: New Findings 

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Kari Cullen

Kari Cullen is a blogger, content curator, and author. She is the founder of Esavingsblog, a blog to help readers learn how to save money, get deals and live frugally. Her eBook "Saving Your Way to a Better Life", is available on Amazon now and provides essential information to help readers save money.

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Kari Cullen

Kari Cullen is a blogger, content curator, and author. She is the founder of Esavingsblog, a blog to help readers learn how to save money, get deals and live frugally. Her eBook "Saving Your Way to a Better Life", is available on Amazon now and provides essential information to help readers save money.

More Curations by Kari