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Since March 1962, the debt ceiling has been raised 74 times, according to the Congressional Research Service. Ten of those times have occurred since 2001. Expect more of the same over the next decade.
The average mortgage debt level is expected to increase by about $4,000 in the fourth quarter of 2016, to $194,875. By the fourth quarter of 2017, TransUnion expects, that number will reach $198,435. Mortgage loan delinquencies, which have been falling since 2013âs third quarter, are projected to keep dropping.