"Aggregate household debt balances increased in the first quarter of 2017, for the 11th consecutive quarter, finally surpassing
the 2008Q3 peak of $12.68 trillion. As of March 31, 2017, total household indebtedness was $12.73 trillion, a $149 billion (1.2%)
increase from the fourth quarter of 2016.
Overall household debt is now 14.1% above the 2013Q2 trough.
Mortgage balances, the largest component of household debt, increased again during the first quarter. Mortgage balances
shown on consumer credit reports on March 31 stood at $8.63 trillion, an increase of $147 billion from the fourth quarter of 2016.
Balances on home equity lines of credit (HELOC) declined by $17 billion and now stand at $456 billion. Non-housing balances were
mixed in the first quarter. Auto loans and student loan balances grew, by $10 billion and $34 billion respectively, while credit card
balances declined by $15 billion..."
Household debt and credit
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