Household borrowing in the U.S. climbed to its highest level since 2010 in the third quarter, driven by increases in mortgage lending, auto loans, student loans and credit cards, according to the New York Federal Reserve.



Household debt climbed by $212 billion to $12.07 trillion. Mortgage debt surged $144 billion, marking the second biggest rise since 2007. And mortgage originations rose to $502 billion, the highest in nearly two years.