The Fed are out with their senior loan officers survey for Q1 2014 and it’s shown that there has been weaker demand for all types of home loans. Banks also tightened lending standards on non-traditional home loans.
Commercial, industrial and commercial real estate loans increased as banks eased lending standards. They did the same for credit card and auto loans which also saw stronger growth.
I was quite surprised at the car sales figures we saw last month and one of the big questions is how have they been paid for? With wages not rising in any meaningful way the US has got to be wary of seeing its citizens go down the debt route once again.
