The affordability problem worsened in the first quarter, which is attributed to the increase in the price of housing and high mortgage interest rates. #NewsismyBusiness
The drop in real GDP reflected a rise in imports and drops in exports and private fixed investment (PFI), the BEA reported. #NewsismyBusiness
The shares of credit card debt and student debt in Puerto Rico are comparable to the U.S. mainland, according to the New York Fed. #NewsismyBusiness