February 13, 2018 / 4:06 PM / 7 days ago

Americans' debt level rises in fourth quarter

(Reuters) - Americans’ debt level rose during the fourth quarter, driven by an increase in mortgage loans, according to a Federal Reserve Bank of New York report published on Tuesday.

Total U.S. household debt was $13.15 trillion in the three months to December, up $193 billion from the prior three months. Debt levels were $402 billion higher than during the fourth quarter of 2016.

The proportion of overall debt that was 90 days delinquent or more fell slightly to 2.3 percent from 2.4 percent.

Reporting by Jason Lange in WashingtonEditing by Chizu Nomiyama

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