U.S. Equity at Lowest Point in 63 Years

Mortgage debt rises in 1Q to $10.6 trillion.The equity Americans have in their most important asset - their homes - has dropped to its lowest level since the end of World War II.A homeowner's equity is the market value of a property minus the mortgage debt.Homeowners' portion of equity slipped to 46.2 percent in the first quarter from a revised 47.5 percent in the previous quarter. That was the