Despite a short period of decrease after the burst of the U.S. housing bubble and the global financial crisis, the total amount of mortgage debt in the United States has been on the rise in recent years. In 2024, the mortgage debt amounted to 20.83 trillion U.S. dollars, up from 13.5 trillion U.S. dollars a decade ago. Which factors impact the amount of mortgage debt? One of the most important factors responsible for the growth of mortgage debt is the number of home sales: The more home transactions, the more mortgages are sold, adding to the volume of debt outstanding. Additionally, as house prices increase, so does the gross lending and debt outstanding. On the other hand, high numbers of housing unit foreclosures and mortgage debt restructuring and short-sales can reduce mortgage debt. Which property type has the largest share of the mortgage market? The total mortgage debt includes different property types, such as one-to-four family residential, multifamily residential, commercial, and farm, but the overwhelming share of debt can be attributed to mortgage debt one-to-four family residences.

The Mortgage Debt Outstanding table is no longer being updated. All of the series that were published in this table can be found in the Financial Accounts of the United States.

Graph and download economic data for Mortgage Debt Outstanding, All holders (DISCONTINUED) (MDOAH) from Q4 1949 to Q3 2019 about debt and USA.

As of the final quarter of 2023, one-to-four-family residential mortgages comprised the largest share of mortgage debt outstanding in the United States. The sector accounted for 14 billion U.S. dollars, or roughly 70 percent of the total mortgage debt outstanding.

The value of mortgage debt outstanding on multifamily residences in the United States has increased substantially in recent years. In 2024, the multifamily mortgage debt outstanding reached over 2.3 trillion U.S. dollars, which was about ten percent of the total mortgage debt outstanding.

United States Mortgage Debt Outstanding: Effective Interest Rate data was reported at 3.799 % in Mar 2020. This records a decrease from the previous number of 3.872 % for Dec 2019. United States Mortgage Debt Outstanding: Effective Interest Rate data is updated quarterly, averaging 7.677 % from Mar 1977 (Median) to Mar 2020, with 173 observations. The data reached an all-time high of 11.449 % in Mar 1985 and a record low of 3.750 % in Dec 2017. United States Mortgage Debt Outstanding: Effective Interest Rate data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.KB025: Mortgage Interest Paid. [COVID-19-IMPACT]

United States Mortgage Debt: Farm: Federal & Rel Agencie: FMHA data was reported at 7.458 USD bn in Jun 2018. This records an increase from the previous number of 7.237 USD bn for Mar 2018. United States Mortgage Debt: Farm: Federal & Rel Agencie: FMHA data is updated quarterly, averaging 3.541 USD bn from Mar 1949 (Median) to Jun 2018, with 278 observations. The data reached an all-time high of 10.742 USD bn in Dec 1986 and a record low of 193.000 USD mn in Mar 1949. United States Mortgage Debt: Farm: Federal & Rel Agencie: FMHA data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB009: Mortgage Debt Outstanding.

The value of mortgage debt outstanding on one-to-four-family residences in the United States increased for the tenth year in a row in 2024, exceeding 14.3 trillion U.S. dollars. One-to-four-family residences comprised the largest share of the total mortgage debt outstanding in that year.

Graph and download economic data for Mortgage Debt Outstanding by Type of Holder: Mortgage Pools or Trust: Federal National Mortgage Association (DISCONTINUED) (MDOTHMPTFNMA) from Q1 1949 to Q3 2019 about fannie mae, mortgage, debt, federal, and USA.

Mortgage Debt: Farm: Federal & Rel Agencie: FAMC data was reported at 3.867 USD bn in Mar 2018. This records a decrease from the previous number of 3.874 USD bn for Dec 2017. Mortgage Debt: Farm: Federal & Rel Agencie: FAMC data is updated quarterly, averaging 0.000 USD mn from Mar 1949 (Median) to Mar 2018, with 277 observations. The data reached an all-time high of 3.874 USD bn in Dec 2017 and a record low of 0.000 USD mn in Jun 1996. Mortgage Debt: Farm: Federal & Rel Agencie: FAMC data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KA017: Mortgage Debt Outstanding.

Mortgage Debt: Nonfarm, Nonres: Federal & Rel Agencies: FMHA data was reported at 72.623 USD bn in Jun 2018. This records an increase from the previous number of 71.768 USD bn for Mar 2018. Mortgage Debt: Nonfarm, Nonres: Federal & Rel Agencies: FMHA data is updated quarterly, averaging 5.028 USD bn from Mar 1949 (Median) to Jun 2018, with 278 observations. The data reached an all-time high of 72.623 USD bn in Jun 2018 and a record low of 0.000 USD mn in Dec 1960. Mortgage Debt: Nonfarm, Nonres: Federal & Rel Agencies: FMHA data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB009: Mortgage Debt Outstanding.

The value of mortgage debt outstanding on commercial property in the United States has increased year-on-year since 2012. From 2.2 trillion U.S. dollars in 2012, the value of commercial mortgage debt outstanding reached 3.84 trillion U.S. dollars in 2024. After the residential sector, commercial property accounted for the second-largest share of the total mortgage debt outstanding.

United States Mortgage Debt: Major Financial Institutions data was reported at 5,391.001 USD bn in Jun 2018. This records an increase from the previous number of 5,341.608 USD bn for Mar 2018. United States Mortgage Debt: Major Financial Institutions data is updated quarterly, averaging 1,248.206 USD bn from Dec 1949 (Median) to Jun 2018, with 269 observations. The data reached an all-time high of 5,391.001 USD bn in Jun 2018 and a record low of 42.597 USD bn in Dec 1949. United States Mortgage Debt: Major Financial Institutions data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB009: Mortgage Debt Outstanding.

United States - Mortgage Debt Outstanding by Type of Holder: Federal and Related Agencies: Government National Mortgage Association (DISCONTINUED) was 2569.73000 Mil. of $ in July of 2019, according to the United States Federal Reserve. Historically, United States - Mortgage Debt Outstanding by Type of Holder: Federal and Related Agencies: Government National Mortgage Association (DISCONTINUED) reached a record high of 7955.04000 in January of 2013 and a record low of 0.00000 in April of 1949. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Mortgage Debt Outstanding by Type of Holder: Federal and Related Agencies: Government National Mortgage Association (DISCONTINUED) - last updated from the United States Federal Reserve on August of 2025.

United States - Mortgage Debt Outstanding by Type of Holder and Property: Federal and Related Agencies: Resolution Trust Corporation for Multifamily Residences (DISCONTINUED) was 0.00000 Mil. of $ in July of 2019, according to the United States Federal Reserve. Historically, United States - Mortgage Debt Outstanding by Type of Holder and Property: Federal and Related Agencies: Resolution Trust Corporation for Multifamily Residences (DISCONTINUED) reached a record high of 16265.76000 in January of 1992 and a record low of 0.00000 in April of 1949. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Mortgage Debt Outstanding by Type of Holder and Property: Federal and Related Agencies: Resolution Trust Corporation for Multifamily Residences (DISCONTINUED) - last updated from the United States Federal Reserve on August of 2025.

Graph and download economic data for Mortgage Debt Outstanding by Type of Property: Nonfarm and Nonresidential (DISCONTINUED) (MDOTPNNRP) from Q4 1949 to Q3 2019 about nonresidential, mortgage, debt, and USA.

Graph and download economic data for Mortgage Debt Outstanding by Type of Property: One- to Four-Family Residences (DISCONTINUED) (MDOTP1T4FR) from Q4 1949 to Q3 2019 about 1 to 4 unit structures, family, debt, residents, and USA.

United States Mortgage Debt: Federal: Federal National Mortgage Association (FNMA) data was reported at 3,176.703 USD bn in Mar 2018. This records an increase from the previous number of 3,155.703 USD bn for Dec 2017. United States Mortgage Debt: Federal: Federal National Mortgage Association (FNMA) data is updated quarterly, averaging 75.174 USD bn from Mar 1949 (Median) to Mar 2018, with 277 observations. The data reached an all-time high of 3,176.703 USD bn in Mar 2018 and a record low of 0.000 USD mn in Sep 1968. United States Mortgage Debt: Federal: Federal National Mortgage Association (FNMA) data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KA017: Mortgage Debt Outstanding.

United States Mortgage Debt: 1 to 4 Family Res: Federal & Rel Agencies: FMHA data was reported at 13.962 USD bn in Jun 2018. This records a decrease from the previous number of 14.031 USD bn for Mar 2018. United States Mortgage Debt: 1 to 4 Family Res: Federal & Rel Agencies: FMHA data is updated quarterly, averaging 13.584 USD bn from Mar 1949 (Median) to Jun 2018, with 278 observations. The data reached an all-time high of 22.186 USD bn in Dec 1985 and a record low of 0.000 USD mn in Jun 1961. United States Mortgage Debt: 1 to 4 Family Res: Federal & Rel Agencies: FMHA data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB009: Mortgage Debt Outstanding.

United States Mortgage Debt: Multifamily Res: Federal & Rel Agencies: GNMA data was reported at 0.000 USD mn in Mar 2018. This stayed constant from the previous number of 0.000 USD mn for Dec 2017. United States Mortgage Debt: Multifamily Res: Federal & Rel Agencies: GNMA data is updated quarterly, averaging 0.000 USD mn from Mar 1949 (Median) to Mar 2018, with 277 observations. The data reached an all-time high of 4.274 USD bn in Jun 1981 and a record low of 0.000 USD mn in Mar 2018. United States Mortgage Debt: Multifamily Res: Federal & Rel Agencies: GNMA data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KA017: Mortgage Debt Outstanding.