In September, the total credit liabilities of households increased $6.2 billion (+0.2%) to reach $2,881.6 billion. Real estate secured debt, composed of mortgage debt and home equity lines of credit, grew $5.0 billion (+0.2%). Household mortgage debt rose $5.6 billion (+0.3% every month; +3.2% on an annualized basis) in September, a slowdown in growth compared with August.
Chart 1 
Month-over-month change in household mortgage loans
Chart 2
Year-over-year growth in household mortgage and non-mortgage loans
Non-mortgage loan debt increased $0.6 billion (+0.1%) in September. Every month, outstanding balances on home equity lines of credit decreased $0.6 billion (-0.4%), while credit card debt with chartered banks rose $0.7 billion (+0.7%). The remaining non-mortgage debt categories edged up $0.5 billion (+0.1%).