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.

Debt Balance Mortgages in the United States increased to 12.61 Trillion USD in the fourth quarter of 2024 from 12.59 Trillion USD in the third 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.

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.

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: 1 to 4 Family Res: Individuals data was reported at 912.840 USD bn in Jun 2018. This records an increase from the previous number of 904.269 USD bn for Mar 2018. United States Mortgage Debt: 1 to 4 Family Res: Individuals data is updated quarterly, averaging 176.797 USD bn from Dec 1949 (Median) to Jun 2018, with 269 observations. The data reached an all-time high of 1,182.406 USD bn in Sep 2006 and a record low of 33.000 USD mn in Dec 1949. United States Mortgage Debt: 1 to 4 Family Res: Individuals 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: 1 to 4 Family Res: Federal & Rel Agencies: FHA data was reported at 12.080 USD bn in Jun 2018. This records an increase from the previous number of 11.930 USD bn for Mar 2018. United States Mortgage Debt: 1 to 4 Family Res: Federal & Rel Agencies: FHA data is updated quarterly, averaging 1.897 USD bn from Mar 1949 (Median) to Jun 2018, with 278 observations. The data reached an all-time high of 12.080 USD bn in Jun 2018 and a record low of 18.000 USD mn in Sep 1949. United States Mortgage Debt: 1 to 4 Family Res: Federal & Rel Agencies: FHA 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 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 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.

United States Mortgage Debt: Federal: Fedl Housing Adm & Dep of Vet Affairs (FHA) data was reported at 14.069 USD bn in 2017. This records an increase from the previous number of 13.357 USD bn for 2016. United States Mortgage Debt: Federal: Fedl Housing Adm & Dep of Vet Affairs (FHA) data is updated yearly, averaging 3.712 USD bn from Dec 1949 (Median) to 2017, with 69 observations. The data reached an all-time high of 14.069 USD bn in 2017 and a record low of 27.000 USD mn in 1949. United States Mortgage Debt: Federal: Fedl Housing Adm & Dep of Vet Affairs (FHA) 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.KB010: Mortgage Debt Outstanding: Annual.

The mortgage debt service ratio in the United States increased slightly, after dipping to the lowest value on record in the beginning of 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 first quarter of 2023, the total required mortgage payments amounted to approximately 3.93 percent of disposable personal income - almost half of the mortgage debt service ratio before the subprime mortgage crisis broke out in 2007.

Consumers in the United States had over 16 trillion dollars in debt as of the third quarter of 2023. The majority of that debt were home mortgages, amounting to approximately 11.4 trillion U.S. dollars. Student and car loans were the second and third largest component of household debt. Why is consumer debt important?Debt influences the Consumer Sentiment Index, which is an important indicator assessing the state of the U.S. economy. The U.S. housing market is also seen a bellwether of the economic conditions in the country. The housing industry employs a large number of people, and mortgages are large investments that consumers will pay off over the course of years, sometimes decades. Because of this, financial analysts closely watch consumer debt and its effects on the demand for housing. Attitudes towards debt Consumer perception of debt differed, depending on the kind of debt in question. While most saw a home mortgage as a positive investment, they increasingly looked at student loan debt as a negative debt. With education costs increasing, people are incurring more student loan debt in the United States. Credit card debt also had negative connotations.

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.

Graph and download economic data for Mortgage Debt Outstanding by Type of Holder and Property: Mortgage Pools or Trust: Private Mortgage Conduits for One- to Four-Family Residences (DISCONTINUED) (MDOTHMPTPMCTP1T4FR) from Q1 1949 to Q3 2019 about 1 to 4 unit structures, mortgage, family, debt, residents, private, and USA.

United States - Mortgage Debt Outstanding by Type of Holder: Federal and Related Agencies: Federal Home Loan Mortgage Corporation (DISCONTINUED) was 1969320.00000 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: Federal Home Loan Mortgage Corporation (DISCONTINUED) reached a record high of 1969320.00000 in July of 2019 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: Federal Home Loan Mortgage Corporation (DISCONTINUED) - last updated from the United States Federal Reserve on March of 2025.

United States Mortgage Debt: Federal: Govt National Mortgage Association (GNMA) data was reported at 2.962 USD bn in Jun 2018. This records a decrease from the previous number of 3.066 USD bn for Mar 2018. United States Mortgage Debt: Federal: Govt National Mortgage Association (GNMA) data is updated quarterly, averaging 26.531 USD mn from Mar 1949 (Median) to Jun 2018, with 278 observations. The data reached an all-time high of 7.955 USD bn in Mar 2013 and a record low of 0.000 USD mn in Sep 1968. United States Mortgage Debt: Federal: Govt National Mortgage Association (GNMA) 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 Service Payments as a Percent of Disposable Personal Income was 5.77% in October of 2024, according to the United States Federal Reserve. Historically, United States - Mortgage Debt Service Payments as a Percent of Disposable Personal Income reached a record high of 8.95 in October of 2007 and a record low of 4.37 in January of 1980. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Mortgage Debt Service Payments as a Percent of Disposable Personal Income - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Mortgage Debt Outstanding by Type of Holder and Property: Federal and Related Agencies: Federal Land Banks for Farm Properties (DISCONTINUED) (MDOTHFRAFLBTPFP) from Q1 1949 to Q3 2019 about FLB, land, agency, agriculture, mortgage, debt, banks, depository institutions, and USA.

The value of mortgage debt outstanding held by depositary institutions in the United States has increased year-on-year since 2013. From 4.05 trillion U.S. dollars in 2013, the value increased to 5.9 trillion U.S. dollars in 2023.