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.

Debt Balance Mortgages in the United States increased to 12.80 Trillion USD in the first quarter of 2025 from 12.61 Trillion USD in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States Debt Balance Mortgages.

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.

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

The home mortgage debt of households and nonprofit organizations amounted to approximately 13.3 trillion U.S. dollars in the first quarter of 2024. Mortgage debt has been growing steadily since 2014, when it was less than 10 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.

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 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]

Graph and download economic data for Mortgage Debt Service Payments as a Percent of Disposable Personal Income (MDSP) from Q1 1980 to Q4 2024 about disposable, payments, mortgage, debt, personal income, percent, personal, services, income, 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 decreased to 425.63 Billion USD in the first quarter of 2025 from 465.35 Billion USD in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States Mortgage Originations.

Graph and download economic data for Government-Sponsored Enterprises; Total Mortgages Held by Freddie Mac; Asset, Level (BOGZ1FL403065025Q) from Q4 1945 to Q1 2025 about GSE, mortgage, 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 2025-07-09 about collateral, mortgage-backed, agency, debt, all items, currency, securities, 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 376.08 Thousand USD in June 30 from 379.21 Thousand USD in the previous week. This dataset includes a chart with historical data for the United States Average Mortgage Size.

Key information about United States Household Debt

• United States Household Debt reached 18,036.0 USD bn in Dec 2024, compared with the reported number of 17,943.0 USD bn in the previous quarter
• US Household Debt: USD mn data is updated quarterly, available from Mar 1999 to Dec 2024
• The data reached an all-time high of 18,036.0 USD bn in Dec 2024 and a record low of 4,540.0 USD bn in Mar 1999

• In the latest reports, United States Household Debt accounted for 61.7 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in United States increased 21,533.8 USD bn YoY in Dec 2024
• United States Foreign Exchange Reserves was measured at 34.9 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Dec 2024
• United States Domestic Credit reached 30,648.3 USD bn in Mar 2024, representing an drop of 0.3 % YoY

Graph and download economic data for All Sectors; Total Mortgages; Asset, Level (ASTMA) from Q4 1945 to Q1 2025 about mortgage, sector, assets, and USA.

United States - Collateralization of Currency: Memo Items: Total U.S. Treasury, Agency Debt, and Mortgage-Backed Securities: Wednesday Level was 6353476.00000 Mil. of U.S. $ in June of 2025, according to the United States Federal Reserve. Historically, United States - Collateralization of Currency: Memo Items: Total U.S. Treasury, Agency Debt, and Mortgage-Backed Securities: Wednesday Level reached a record high of 8504588.00000 in April of 2022 and a record low of 510871.00000 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Collateralization of Currency: Memo Items: Total U.S. Treasury, Agency Debt, and Mortgage-Backed Securities: Wednesday Level - last updated from the United States Federal Reserve on July of 2025.

This statistic presents the total debt securities of the agency- and government sponsored enterprises (GSE)-backed mortgage pools sector in the United States from 2000 to 2018. In 2018, the agency-and GSE-backed mortgage pools sector in the United States had total debt securities amounting to approximately 2.29 trillion US dollars.

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.