Flow of Funds: Mortgages Show Outsized Increase

The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that the aggregate value of all home mortgages of households and nonprofit organizations in the United States in the third quarter of 2021 registered the largest post-Great Recession numerical quarterly increase. From $11.3 trillion in the second quarter of 2021,… Read More ›