US Real Estate

US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000

Mortgage debt has been on an upward trend over the past few years, WalletHub said.
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US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000
A home for sale in Austin, Texas, on March 19, 2024. Brandon Bell/Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
|Updated:
0:00

America’s mortgage debt continues to escalate, hitting the $13.2 trillion mark, according to an April 30 WalletHub report.

The personal finance website and app indicated that the average U.S. household owes nearly $109,000 in outstanding mortgage balances and that mortgage debt has remained on an upward trend over the past few years.

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Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.