{"id":29347,"date":"2012-06-15T10:53:51","date_gmt":"2012-06-15T14:53:51","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29347"},"modified":"2012-06-15T10:53:51","modified_gmt":"2012-06-15T14:53:51","slug":"americans-digging-out-of-mortgage-debt","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/06\/15\/americans-digging-out-of-mortgage-debt\/","title":{"rendered":"Americans Digging Out of Mortgage Debt"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v1071e9fe4853a2675eb6263ac0e18db9761cb11b&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v1071e9fe4853a2675eb6263ac0e18db9761cb11b&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Looks like Americans are finally digging themselves out of mortgagedebt. Home equity rose to $6.7 trillion this quarter- thats thehighest level since 2008 &#8211; as homeowners are taking advantage ofrecord-low interest rates to refinance.This is a strong indication that Americans&#8217; home-loan debt-burden isbeginning to ease. This is welcome news after the record borrowingthat created, and ultimately popped the housing bubble- leavingalmost a quarter of American homeowners with mortgages owing more thantheir properties were worth.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/06\/15\/1_x3ujhftp_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/06\/15\/1_x3ujhftp_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looks like Americans are finally digging themselves out of mortgagedebt. Home equity rose to $6.7 trillion this quarter- thats thehighest level since 2008 &#8211; as homeowners are taking advantage ofrecord-low interest rates to refinance.This is a strong indication that Americans&#8217; home-loan debt-burden isbeginning to ease. This is welcome news after the record borrowingthat created, and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/06\/15\/americans-digging-out-of-mortgage-debt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Americans Digging Out of Mortgage Debt&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29347","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29347"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29347\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}