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As of the end of the fourth quarter of 2009, there was approximately $14.3 trillion in outstanding mortgage debt outstanding. Of the $14.3 trillion, $2.5 represented non-residential debt, leaving $11.8 trillion due to residential owners.
At the end of 2009, there were approximately 129.9 million housing units in the United States of which 66.2% were owned by the people living in them. Of this 86.0 million housing units, approximately 20% own their homes "free and clear" (except, of course, for property taxes), suggesting that there are approximately 68.8 million housing units with debt underlying the ownership.
The average mortgage balance, then, is just short of $172,000 (and, evidently 10% of the population have mortgages outstanding of over $250,000).
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∙ 13y ago
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How much does an average US home mortgage cost?
The average United States home mortgage will depend on the location, age and size of the house. In February 2013, the average house in the United States cost $152,000. As for the actual mortgage rate, that will depend on the length and type of mortgage one gets. On average, a 30 year fixed rate would be about 4.2%.
What is the Average length of a us mortgage?
25 years.
What is the average cost of monthly mortgage in US for 2008?
depends on your loan
1950s US average mortgage payment?
seventy five dollars
What are average mortgage rates in the US?
According to the website Bankrate, the average mortgage rate in the United State for the last twenty years is 3,65%. According to Ycharts, said average is of 3,42%.
How much is the Average size of mortgage in US?
As of Q2 2010 the Average mortgage in the US was $193,800.
How much does an average US home mortgage cost?
The average United States home mortgage will depend on the location, age and size of the house. In February 2013, the average house in the United States cost $152,000. As for the actual mortgage rate, that will depend on the length and type of mortgage one gets. On average, a 30 year fixed rate would be about 4.2%.
What is the Average length of a us mortgage?
25 years.
How much does a musician make in a year?
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What is the average cost of monthly mortgage in US for 2008?
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1950s US average mortgage payment?
seventy five dollars
What are average mortgage rates in the US?
According to the website Bankrate, the average mortgage rate in the United State for the last twenty years is 3,65%. According to Ycharts, said average is of 3,42%.
What has been the average for US mortgage rates over the last five years?
The average US mortgage rates for the last five years are constantly fluctuating, however as of May 2013, the price is about 3.42 percent, which is close to the average 3.31 percent.
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According the Kansas City Federal Reserve Bank, the average mortgage balance in the US is $181,225. Source: http://www.kc.frb.org/comaffrs/subprime/Omaha.07.02.08.pdf
What are the average refinance mortgage interest rates in the US?
The average refinance mortgage interest rates in the United States of America are 2,75% to 3% at the moment. One can check the current rates of different banks on their websites.
