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United States Mortgage debt outstanding 2026: Interactive Chart & Historical Data

Mortgage debt outstanding in United States stood at 14.01 million USD mn in Q2 2026, according to FRED. The latest value is up 3% from a year earlier (13.6 million USD mn in Q2 2025). Ten years earlier, in Q2 2016, the value was 9.498 million USD mn (up 48% since). The latest value is the highest since 1945; the lowest was 18,706 USD mn in Q4 1945.

Data source: FRED · Unit: USD mn · Category: Real Estate · Explore more indicators on EconDash

Data updated:Last checked:Frequency:QuarterlyCoverage:1945–2026
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What is Mortgage debt outstanding?

Mortgage debt outstanding, measured in USD mn, measures the government's fiscal obligations and borrowing levels in United States, serving as a critical indicator of fiscal sustainability, creditworthiness, and the capacity to finance public services and respond to crises. Government debt accumulates when spending exceeds revenues over time, requiring borrowing from domestic and international creditors through bond issuance. In United States, Mortgage debt outstanding is typically expressed as a percentage of GDP to account for the economy's capacity to service the debt — a country with larger economic output can sustain higher debt levels than a smaller economy. Key considerations include debt composition (domestic vs foreign currency, short vs long-term), interest rates, and who holds the debt (domestic investors, foreign governments, central banks). Sustainable debt levels vary by country depending on institutional strength, growth prospects, and investor confidence, but ratios above 90-100% of GDP often raise concerns among credit rating agencies.

Key facts

What is the latest Mortgage debt outstanding in United States?

Mortgage debt outstanding in United States stood at 14.01 million USD mn in Q2 2026, according to FRED.

Is Mortgage debt outstanding in United States rising or falling?

The latest value is up 3% from a year earlier (13.6 million USD mn in Q2 2025). Ten years earlier, in Q2 2016, the value was 9.498 million USD mn (up 48% since).

What is the highest Mortgage debt outstanding on record in United States?

The latest value is the highest since 1945; the lowest was 18,706 USD mn in Q4 1945.

Metadata for Mortgage debt outstanding in United States
IndicatorMortgage debt outstanding
CountryUnited States
CategoryReal Estate
UnitUSD mn
SourceFRED
Interactive chartView on EconDash
API accessEconDash API documentation

Current level: 14.01 million USD mn (2026-04-01)

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Source:Board of Governors of the Federal Reserve System (US) via FRED — series HHMSDODNS
License:U.S. government work, public domain
Cite this chart
APA

Board of Governors of the Federal Reserve System (US). (2026). Mortgage debt outstanding — United States [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/mortgage-debt-outstanding/USA. Original source: https://fred.stlouisfed.org/series/HHMSDODNS

MLA

Board of Governors of the Federal Reserve System (US). "Mortgage debt outstanding — United States." EconDash, 2026, https://econdash.org/chart/mortgage-debt-outstanding/USA. Accessed 13 Nov. 2026. Original source: https://fred.stlouisfed.org/series/HHMSDODNS.

Chicago

Board of Governors of the Federal Reserve System (US). 2026. "Mortgage debt outstanding — United States." EconDash. Accessed November 13, 2026. https://econdash.org/chart/mortgage-debt-outstanding/USA. Original source: https://fred.stlouisfed.org/series/HHMSDODNS.

BibTeX
@misc{econdash_mortgage_debt_outstanding_usa,
  author = {{Board of Governors of the Federal Reserve System (US)}},
  title = {{Mortgage debt outstanding --- United States}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/mortgage-debt-outstanding/USA},
  note = {Accessed: 2026-11-13. Original source: https://fred.stlouisfed.org/series/HHMSDODNS}
}