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.

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.

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.

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 Q1 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.

The home mortgage debt of households and nonprofit organizations amounted to approximately 13.46 trillion U.S. dollars in the first quarter of 2025. Mortgage debt has been growing steadily since 2014, when it was less than ten billion U.S. dollars and has increased at a faster rate since the beginning of the coronavirus pandemic due to the housing market boom. Home mortgage sector in the United States Home mortgage sector debt in the United States has been steadily growing in recent years and is beginning to come out of a period of great difficulty and problems presented to it by the economic crisis of 2008. For the previous generations in the United States, the real estate market was quite stable. Financial institutions were extending credit to millions of families and allowed them to achieve ownership of their own homes. The growth of the subprime mortgages and, which went some way to contributing to the record of the highest US homeownership rate since records began, meant that many families deemed to be not quite creditworthy were provided the opportunity to purchase homes. The rate of home mortgage sector debt rose in the United States as a direct result of the less stringent controls that resulted from the vetted and extended terms from which loans originated. There was a great deal more liquidity in the market, which allowed greater access to new mortgages. The practice of packaging mortgages into securities, and their subsequent sale into the secondary market as a way of shifting risk, was to be a major factor in the formation of the American housing bubble, one of the greatest contributing factors to the global financial meltdown of 2008.

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

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.

Graph and download economic data for Collateralization of Currency: Memo Items: Face Value of Securities Under Reverse Repurchase Agreements (Netted from Total U.S. Treasury, Agency Debt, and Mortgage-Backed Securities): Wednesday Level (RESH4MFNWW) from 2002-12-18 to 2025-09-03 about collateral, mortgage-backed, reverse repos, agency, debt, all items, Net, securities, currency, 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.

Average Mortgage Size in the United States decreased to 372.75 Thousand USD in July from 376.08 Thousand USD in June of 2025. This dataset includes a chart with historical data for the United States Average Mortgage Size.

Median total loan costs for conventional conforming loans were the highest for Hispanics in the third quarter of 2023 and amounted to about ***** U.S. dollars. Loan costs have increased substantially since 2019 and reached their highest levels in 2023. Mortgage loan costs include any costs connected to the loan, such as taxes, assessments, fees, and insurance premiums.

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.

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.

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]

Graph and download economic data for Federal Government; Total Mortgages Held by Ginnie Mae; Asset, Level (BOGZ1FL313065015Q) from Q4 1945 to Q2 2025 about ginnie mae, mortgage, federal, assets, government, and USA.