Debt Balance Mortgages in the United States increased to 12.94 Trillion USD in the second quarter of 2025 from 12.80 Trillion USD in the first quarter of 2025. This dataset includes a chart with historical data for the United States Debt Balance Mortgages.

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

The mortgage debt service ratio in the United States remained fairly stable in 2024, after recovering from a dip in 2020 and 2021. The ratio measures the mortgage debt service payments as a percentage of disposable personal income during a specific quarter and shows the financial burden placed on households by mortgage borrowing. In the fourth quarter of 2024, the total required mortgage payments amounted to approximately 5.77 percent of disposable personal income. This was substantially lower than the spike recorded during the subprime mortgage crisis.

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.

Graph and download economic data for All Sectors; Total Mortgages; Asset, Level (ASTMA) from Q4 1945 to Q2 2025 about mortgage, sector, assets, and USA.

Graph and download economic data for Mortgage Debt Service Payments as a Percent of Disposable Personal Income (MDSP) from Q1 1980 to Q2 2025 about disposable, payments, mortgage, personal income, debt, percent, personal, income, services, and USA.

Graph and download economic data for Government-Sponsored Enterprises; Total Mortgages Held by Freddie Mac; Asset, Level (BOGZ1FL403065025Q) from Q4 1945 to Q2 2025 about GSE, mortgage, assets, and USA.

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.

Mortgage Originations in the United States increased to 458.28 Billion USD in the second quarter of 2025 from 425.63 Billion USD in the first quarter of 2025. This dataset includes a chart with historical data for the United States Mortgage Originations.

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.

Graph and download economic data for Mortgage Debt Outstanding by Type of Holder: Federal and Related Agencies: Federal Home Loans Banks (DISCONTINUED) (MDOTHFRAFHLB) from Q1 1949 to Q3 2019 about agency, mortgage, debt, federal, and USA.

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.

Graph and download economic data for Agency-and GSE-Backed Mortgage Pools; Total Mortgages; Asset, Level (AGSEBMPTCMAHDFS) from Q4 1945 to Q2 2025 about GSE, credit market, agency, mortgage, sector, financial, domestic, assets, and USA.

Graph and download economic data for Collateralization of Currency: Memo Items: Total U.S. Treasury, Agency Debt, and Mortgage-Backed Securities: Wednesday Level (RESPPNTNWW) from 2002-12-18 to 2025-09-24 about collateral, mortgage-backed, agency, debt, all items, securities, currency, and USA.

Graph and download economic data for Total Assets, Interest-Earning, All Loans and Leases, Gross, Secured by Real Estate, Single-Family (1 to 4 Family) Residential Mortgages, Booked in Domestic Offices, All Commercial Banks (ATAIEALLGSRESFRMACB) from Q1 1985 to Q2 2025 about domestic offices, leases, 1-unit structures, real estate, mortgage, family, gross, residential, commercial, domestic, securities, loans, assets, banks, depository institutions, and USA.

View quarterly updates and historical trends for US Mortgage Debt. from United States. Source: Federal Reserve Bank of New York. Track economic data with …

In the fourth quarter of 2024, the refinance mortgage originations of one-to-four family housing in the United States rose to approximately 190 billion U.S. dollars. This was substantially higher than the recent market dip to 46 billion U.S. dollars in the final quarter of 2021. Nevertheless, the increase was shy from the volumes observed during the 2020-2021 peak, when refinancing activity surged due to low mortgage interest rates. Refinance mortgage originations were less than 39 percent of total mortgage originations in the fourth quarter of 2023.

Graph and download economic data for Agency-and GSE-Backed Mortgage Pools; Total Mortgages; Liability (DISCONTINUED) (AGSEMPTCMDODFS) from Q4 1945 to Q4 2017 about credit market, GSE, agency, mortgage, sector, debt, financial, domestic, and USA.

United States WAS: Refinance Loans % of the Total Loan Amounts data was reported at 32.700 % in 20 Jul 2018. This records an increase from the previous number of 31.900 % for 13 Jul 2018. United States WAS: Refinance Loans % of the Total Loan Amounts data is updated weekly, averaging 47.010 % from Jan 1990 (Median) to 20 Jul 2018, with 1490 observations. The data reached an all-time high of 86.500 % in 09 Jan 2009 and a record low of 9.990 % in 10 Mar 1995. United States WAS: Refinance Loans % of the Total Loan Amounts data remains active status in CEIC and is reported by Mortgage Bankers Association. The data is categorized under Global Database’s USA – Table US.KA016: Weekly Applications Survey: Mortgage Loan Applications.

The value of mortgage debt outstanding on farm property in the United States has increased year-on-year since 2003. From approximately 83 billion U.S. dollars in 2003, the value of farm mortgage debt reached 355 billion U.S. dollars in 2023. Nevertheless, farm debt comprised the smallest share of the total mortgage debt outstanding.