The Federal Reserve Bank of New York, tireless chroniclers of the growth and impact of student debt, released new data this week showing that 30-year-olds with student debt are still less likely to have mortgage debt than 30-year-olds without.

There's an argument to be made that 2003 through 2010 were outliers in longer story of debt and home ownership. And at Slate, Jordan Weissmann points to a Fed report from the end of 2012 showing that borrowers who were current on their debt were actually more likely to take out a mortgage. It's borrowers behind on their payments who are holding back housing.