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 2023, the mortgage debt amounted to 20.2 trillion U.S. dollars, up from 19.3 trillion U.S. dollars in 2023. 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 Mortgage Debt Service Payments as a Percent of Disposable Personal Income (MDSP) from Q1 1980 to Q3 2024 about disposable, payments, mortgage, debt, personal income, percent, personal, services, income, and USA.

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

In 2023, 968 billion U.S. dollars worth of student loans were in forebearance in the United States. This is due to the coronavirus (COVID-19) pandemic, where the government paused repayment of student loans and froze the accumulation of interest. This is compared to 112 billion U.S. dollars worth of student loans that were in default. As of the fourth quarter of 2022, outstanding student loan debt in the U.S. was valued at approximately 1.76 trillion U.S. dollars.

The total average debt of Baby Boomers in the United States amounted to nearly 94,880 U.S. dollars in 2023. Debt balances, however, varied greatly according to the generation. The Generation X held the highest debt on average (157,560 U.S. dollars), while generation Z held the lowest average debt (nearly 29,820 U.S. dollars).

Graph and download economic data for Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) from Q1 1980 to Q4 2024 about disposable, payments, debt, personal income, percent, personal, households, services, income, and USA.

Since 2012, the average amount of a home purchase loan in the United States has increased substantially. In December 2023, the average mortgage loan amounted to 329,854 U.S. dollars, up from 204,000 in 2012. Over the last years, house prices grew rapidly. For homebuyers, that also meant an increase in the amount they had to save for a down payment.

Graph and download economic data for 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-03-20 about 15-year, fixed, mortgage, interest rate, interest, rate, and USA.

Graph and download economic data for Large Bank Consumer Mortgage Originations: Original Loan-to-Value (LTV): 50th Percentile (RCMFLOLTVPCT50) from Q3 2012 to Q3 2024 about FR Y-14M, origination, large, percentile, mortgage, loans, consumer, banks, depository institutions, and USA.

Long term dataset showing the 30 year fixed rate mortgage average in the United States since 1971.

The average amount of non-mortgage debt held by consumers in the United States has been falling steadily during the past years, amounting to 21,800 U.S. dollars in 2023. While respondents had 38,000 U.S. dollars of debt in 2018, that volume decreased to 29,803 U.S. dollars in 2019, which constituted the largest year-over-year decrease.

What age groups are more indebted in the U.S.? The age group with the highest level of consumer debt in the U.S. was belonging to the Generation X with approximately 154,700 U.S. dollars of debt in 2022. The next generations with high consumer debt levels were baby boomers and millennials, whose debt levels were similar. In comparison, credit card debt is more equally distributed across all ages. There is an exception among people under 35 years old, who are significantly less burdened with credit card debt. However, most consumers expect to get rid of their debt in the short term.

College expenses as a source of debt Educational expenses were not among the leading sources of debt among consumers in the U.S. in 2022. Instead, they made up about ten percent of the total. However, around 39 percent of undergraduates from lower-income families had student loans, while over a fifth of undergraduates from higher-income families had student loans. Independently of how they cover these expenses, the confidence of students and parents about being able to pay these college costs was high in most cases.

Argentina: Mortgage debt balance per capita, U.S. dollars: The latest value from is U.S. dollars, unavailable from U.S. dollars in . In comparison, the world average is 0 U.S. dollars, based on data from countries. Historically, the average for Argentina from to is U.S. dollars. The minimum value, U.S. dollars, was reached in while the maximum of U.S. dollars was recorded in .

United States WAS: Average Loan Size: Conventional data was reported at 310.700 USD th in 23 Nov 2018. This records an increase from the previous number of 306.300 USD th for 16 Nov 2018. United States WAS: Average Loan Size: Conventional data is updated weekly, averaging 234.200 USD th from Feb 1998 (Median) to 23 Nov 2018, with 1086 observations. The data reached an all-time high of 341.600 USD th in 12 Feb 2016 and a record low of 141.000 USD th in 13 Feb 1998. United States WAS: Average Loan Size: Conventional data remains active status in CEIC and is reported by Mortgage Bankers Association. The data is categorized under Global Database’s United States – Table US.KB008: Mortgage Loan Applications: Weekly Applications Survey.

United States WAS: Average Loan Size: VA: Purchase data was reported at 276.300 USD th in 20 Jul 2018. This records a decrease from the previous number of 281.000 USD th for 13 Jul 2018. United States WAS: Average Loan Size: VA: Purchase data is updated weekly, averaging 256.200 USD th from Jan 2014 (Median) to 20 Jul 2018, with 236 observations. The data reached an all-time high of 285.500 USD th in 06 Apr 2018 and a record low of 220.400 USD th in 17 Jan 2014. United States WAS: Average Loan Size: VA: Purchase 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.

Graph and download economic data for Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks (DRSFRMACBS) from Q1 1991 to Q4 2024 about domestic offices, delinquencies, 1-unit structures, mortgage, family, residential, commercial, domestic, banks, depository institutions, rate, and USA.

Ireland: Mortgage debt balance per capita, U.S. dollars: The latest value from is U.S. dollars, unavailable from U.S. dollars in . In comparison, the world average is 0 U.S. dollars, based on data from countries. Historically, the average for Ireland from to is U.S. dollars. The minimum value, U.S. dollars, was reached in while the maximum of U.S. dollars was recorded in .

Mortgage Application in the United States decreased by 2 percent in the week ending March 21 of 2025 over the previous week. This dataset provides - United States MBA Mortgage Applications - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States WAS: Average Loan Size: FRM data was reported at 265.700 USD th in 20 Jul 2018. This records an increase from the previous number of 264.800 USD th for 13 Jul 2018. United States WAS: Average Loan Size: FRM data is updated weekly, averaging 159.750 USD th from Jan 1990 (Median) to 20 Jul 2018, with 1490 observations. The data reached an all-time high of 278.600 USD th in 12 Feb 2016 and a record low of 99.100 USD th in 16 Sep 1994. United States WAS: Average Loan Size: FRM 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.

Graph and download economic data for Weighted-Average Maturity by Size of Loan: ($ thousands) $10,000+, Large Domestic Banks (DISCONTINUED) (EI10000PXSLNQ) from Q2 1997 to Q2 2017 about weighted-average, maturity, average, domestic, loans, banks, depository institutions, and USA.

Graph and download economic data for Average Loan Size by Time that Pricing Terms Were Set and by Commitment, During Survey Week, Not Under Commitment, Small Domestic Banks (DISCONTINUED) (EATSNXSSNQ) from Q2 2003 to Q2 2017 about pricing terms, domestic, loans, banks, depository institutions, and USA.