Commercial and Industrial Loans
According to recent information, commercial and industrial loans are on pace to overtake residential mortgages for the first time since the 1980's. Commercial and industrial loans rose 8.5% in the first quarter of 2015 compared to the same period in 2014 to approximately $1.749 trillion in total outstanding debt. This accounted for 21% of the outstanding loan balances in U.S. banks and is at it's highest level in the past 13 years.
Residential loans only grew by 1.7% in the first quarter of 2015. The shift shows that manufacturers, retailers, and other large companies have began borrowing more money in recent months to get ahead of rising interest rates.