Financial Accounts of the United States - Z.1
L.217 Total Mortgages (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total mortgages; asset | FL893065005 | 18316.0 | 19673.7 | 20281.1 | 20843.1 | 20375.3 | 20516.3 | 20675.6 | 20843.1 | 20922.6 | 1 |
| All sectors; one-to-four-family residential mortgages; asset | FL893065105 | 12675.1 | 13587.9 | 13970.3 | 14363.8 | 14017.4 | 14130.5 | 14247.1 | 14363.8 | 14414.4 | 2 |
| All sectors; multifamily residential mortgages; asset | FL893065405 | 1938.4 | 2107.1 | 2201.8 | 2295.3 | 2225.8 | 2244.3 | 2263.3 | 2295.3 | 2315.8 | 3 |
| All sectors; commercial mortgages; asset | FL893065505 | 3378.1 | 3644.3 | 3764.4 | 3823.7 | 3783.6 | 3789.2 | 3809.0 | 3823.7 | 3828.8 | 4 |
| All sectors; farm mortgages; asset | FL893065603 | 324.4 | 334.4 | 344.6 | 360.2 | 348.5 | 352.4 | 356.3 | 360.2 | 363.7 | 5 |
| All sectors; total mortgages; asset | FL893065005 | 18316.0 | 19673.7 | 20281.1 | 20843.1 | 20375.3 | 20516.3 | 20675.6 | 20843.1 | 20922.6 | 6 |
| Households and nonprofit organizations; total mortgages; liability | FL153165005 | 12233.8 | 13104.8 | 13483.0 | 13859.9 | 13525.3 | 13633.4 | 13745.7 | 13859.9 | 13906.0 | 7 |
| Nonfinancial business; total mortgages; liability | FL143165005 | 6082.2 | 6568.9 | 6798.1 | 6983.2 | 6850.0 | 6882.9 | 6929.9 | 6983.2 | 7016.6 | 8 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 1177.7 | 1327.2 | 1378.6 | 1415.2 | 1386.4 | 1390.3 | 1403.7 | 1415.2 | 1419.3 | 9 |
| Nonfinancial noncorporate business; total mortgages; liability | FL113165005 | 4904.5 | 5241.7 | 5419.5 | 5568.0 | 5463.7 | 5492.6 | 5526.3 | 5568.0 | 5597.3 | 10 |
| Federal government; multifamily residential mortgages; liability | FL313165403 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 11 |
| All sectors; total mortgages; asset | FL893065005 | 18316.0 | 19673.7 | 20281.1 | 20843.1 | 20375.3 | 20516.3 | 20675.6 | 20843.1 | 20922.6 | 12 |
| Households and nonprofit organizations; total mortgages; asset | FL153065005 | 84.1 | 74.8 | 74.0 | 69.0 | 73.1 | 72.0 | 70.5 | 69.0 | 67.7 | 13 |
| Nonfinancial corporate business; total mortgages; asset | FL103065005 | 113.2 | 118.6 | 141.2 | 145.2 | 141.2 | 144.3 | 144.6 | 145.2 | 145.2 | 14 |
| Nonfinancial noncorporate business; total mortgages; asset | FL113065005 | 51.6 | 53.8 | 55.2 | 56.5 | 55.5 | 55.7 | 56.1 | 56.5 | 56.9 | 15 |
| Federal government; total mortgages; asset | FL313065005 | 133.1 | 167.9 | 176.0 | 183.9 | 178.2 | 180.4 | 181.6 | 183.9 | 186.4 | 16 |
| Federal government; total mortgages held by Ginnie Mae; asset | FL313065015 | 2.0 | 23.2 | 21.1 | 18.9 | 20.7 | 20.1 | 19.5 | 18.9 | 18.2 | 17 |
| Federal government; total mortgages Federal Farmers Home Administration (FmHA), excluding one-to-four-family residential mortgages held by the Federal Financing Bank; asset (2) | FL313065075 | 111.7 | 116.0 | 122.0 | 127.6 | 123.4 | 125.0 | 125.8 | 127.6 | 129.2 | 18 |
| Federal government; total mortgages held by FHA; asset | FL313065035 | 19.5 | 28.7 | 32.9 | 37.5 | 34.2 | 35.3 | 36.3 | 37.5 | 38.9 | 19 |
| Federal government; total mortgages held by Federal Financing Bank, Public Housing Administration (PHA), RTC, and VA; asset (3) | FL313065095 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 20 |
| State and local governments; total mortgages; asset | FL213065005 | 260.3 | 259.4 | 228.4 | 233.7 | 229.7 | 231.0 | 232.3 | 233.7 | 235.0 | 21 |
| Private depository institutions; total mortgages; asset | FL703065005 | 5948.9 | 6615.2 | 6891.8 | 7029.1 | 6918.7 | 6970.5 | 7003.9 | 7029.1 | 7047.0 | 22 |
| U.S.-chartered depository institutions; total mortgages; asset | FL763065005 | 5172.5 | 5687.8 | 5893.2 | 5970.7 | 5911.1 | 5943.6 | 5962.7 | 5970.7 | 5979.2 | 23 |
| Foreign banking offices in the U.S.; total mortgages; asset | FL753065005 | 91.1 | 107.5 | 111.9 | 114.3 | 113.4 | 116.3 | 114.7 | 114.3 | 112.4 | 24 |
| Banks in U.S.-affiliated areas; total mortgages; asset | FL743065003 | 21.4 | 21.7 | 22.6 | 23.6 | 22.8 | 22.9 | 23.2 | 23.6 | 22.5 | 25 |
| Credit unions; total mortgages; asset | FL473065005 | 663.9 | 798.2 | 864.1 | 920.5 | 871.4 | 887.8 | 903.3 | 920.5 | 932.8 | 26 |
| Property-casualty insurance companies; commercial mortgages, including those held by U.S. residual market reinsurers; asset | FL513065505 | 27.7 | 30.4 | 32.9 | 32.4 | 33.2 | 33.0 | 33.0 | 32.4 | 32.1 | 27 |
| Life insurance companies; total mortgages; asset | FL543065005 | 709.5 | 779.4 | 824.6 | 891.8 | 837.3 | 851.0 | 877.0 | 891.8 | 898.9 | 28 |
| Private pension funds; total mortgages; asset | FL573065005 | 25.5 | 18.7 | 15.3 | 11.0 | 14.4 | 13.4 | 12.1 | 11.0 | 9.8 | 29 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 6.8 | 6.5 | 4.7 | 5.3 | 4.2 | 4.3 | 4.5 | 5.3 | 5.5 | 30 |
| Government-sponsored enterprises; total mortgages; asset | FL403065005 | 6924.1 | 7323.6 | 7427.7 | 7553.5 | 7431.0 | 7456.7 | 7501.9 | 7553.5 | 7559.2 | 31 |
| Government-sponsored enterprises; total mortgages held by Fannie Mae (includes all GSEs before 2000:Q4); asset | FL403065015 | 3899.0 | 4075.6 | 4102.6 | 4110.2 | 4097.3 | 4098.3 | 4106.8 | 4110.2 | 4100.2 | 32 |
| Government-sponsored enterprises; total mortgages held by Freddie Mac; asset | FL403065025 | 2789.8 | 3003.0 | 3069.1 | 3166.9 | 3075.3 | 3094.6 | 3125.6 | 3166.9 | 3179.8 | 33 |
| Government-sponsored enterprises; total mortgages held by Farm Credit System; asset | FL403065045 | 171.4 | 179.8 | 184.8 | 195.5 | 185.8 | 188.7 | 191.4 | 195.5 | 196.4 | 34 |
| Government-sponsored enterprises; total mortgages held by FHLB; asset | FL403065035 | 55.5 | 56.1 | 61.4 | 69.7 | 62.7 | 65.1 | 67.5 | 69.7 | 71.3 | 35 |
| Government-sponsored enterprises; farm mortgages held by Farmer Mac; asset | FL403065653 | 8.3 | 9.0 | 9.6 | 11.2 | 9.8 | 10.0 | 10.7 | 11.2 | 11.6 | 36 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 2501.8 | 2687.9 | 2870.7 | 3044.6 | 2906.2 | 2950.8 | 2994.4 | 3044.6 | 3078.0 | 37 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Ginnie Mae pool; asset | FL413065015 | 2149.2 | 2337.1 | 2518.4 | 2696.0 | 2553.1 | 2597.4 | 2642.6 | 2696.0 | 2730.2 | 38 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Freddie Mac pool; asset | FL413065025 | 346.7 | 345.1 | 346.0 | 342.2 | 346.8 | 347.1 | 345.5 | 342.2 | 341.3 | 39 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Fannie Mae pool; asset | FL413065045 | 4.7 | 4.6 | 4.4 | 4.3 | 4.4 | 4.3 | 4.3 | 4.3 | 4.2 | 40 |
| Agency-and GSE-backed mortgage pools; farm mortgages held in a Farmer Mac pool; asset | FL413065653 | 1.3 | 1.2 | 1.9 | 2.1 | 1.9 | 1.9 | 2.0 | 2.1 | 2.3 | 41 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Federal Farmers Home Administration (FmHA) pool, excluding one-to-four-family residential mortgages held by the Federal Financing Bank; asset (2) | FL413065035 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 42 |
| Issuers of asset-backed securities; total mortgages; asset | FL673065005 | 889.2 | 900.0 | 924.8 | 987.7 | 944.7 | 945.7 | 959.2 | 987.7 | 1000.2 | 43 |
| Finance companies; total mortgages; asset | FL613065000 | 352.6 | 341.1 | 331.6 | 324.3 | 328.3 | 328.0 | 325.6 | 324.3 | 322.4 | 44 |
| Mortgage real estate investment trusts; total mortgages; asset | FL643065075 | 287.7 | 296.3 | 282.0 | 275.1 | 279.8 | 279.4 | 278.9 | 275.1 | 278.5 | 45 |
NOTES
- Sum of one-to-four-family residential mortgages, multifamily residential mortgages, commercial mortgages, and farm mortgages.
- FmHA-guaranteed securities sold to the Federal Financing Bank were reallocated from FmHA mortgage pools to FmHA mortgage holdings in 1986:Q4 because of accounting changes by the Farmers Home Administration.
- Other includes Department of Veterans Affairs, Federal Financing Bank, Public Housing Administration, and Resolution Trust Corporation.
Last Update: June 12, 2025