US consumer debt-to-income ratio rising.

CoreLogic Inc. recently reported that 20% of mortgage loans made this winter (’17-’18) went to borrowers “spending more than 45% of their monthly incomes on their mortgage payment and other debts” (known as the debt-to-income ratio).

Per an article in the WSJ, this is the highest reported proportion since the housing crisis, and while it does not match the peak of 37% in 2007, it “is nearing the levels of 2004-05.”

debt-to-income ratio home prices mortgages US consumer
Source: Laura Kusisto and Christina Rexrode | "Rising Home Prices Push Borrowers Deeper Into Debt" | The Wall Street Journal | 04/10/2018 | Visit