Financial Accounts of the United States - Z.1
F.217 Total mortgages1
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net change in mortgages (by instrument) | FA893065005 | 622.0 | 580.9 | 695.7 | 696.1 | 505.3 | 557.1 | 755.4 | 851.8 | 618.6 |
| Line 2 | One-to-four-family residential | FA893065105 | 386.9 | 392.8 | 415.2 | 452.8 | 355.2 | 361.5 | 503.9 | 501.2 | 294.1 |
| Line 3 | Multifamily residential | FA893065405 | 95.7 | 102.6 | 141.2 | 98.3 | 140.4 | 99.3 | 87.8 | 161.3 | 216.6 |
| Line 4 | Commercial | FA893065505 | 128.9 | 63.1 | 120.7 | 122.5 | -12.9 | 78.0 | 145.2 | 170.5 | 89.2 |
| Line 5 | Farm | FA893065603 | 10.5 | 22.4 | 18.6 | 22.5 | 22.5 | 18.3 | 18.6 | 18.8 | 18.8 |
| Line 6 | Net borrowing | FA893065005 | 622.0 | 580.9 | 695.7 | 696.1 | 505.3 | 557.1 | 755.4 | 851.8 | 618.6 |
| Line 7 | Household sector | FA153165005 | 403.8 | 386.4 | 430.4 | 460.1 | 343.3 | 362.3 | 514.1 | 525.7 | 319.6 |
| Line 8 | Nonfinancial business | FA143165005 | 218.2 | 194.5 | 265.3 | 236.0 | 162.0 | 194.7 | 241.4 | 326.1 | 299.0 |
| Line 9 | Corporate | FA103165005 | 47.8 | 34.6 | 59.6 | 70.5 | -12.5 | 51.2 | 75.5 | 84.3 | 27.6 |
| Line 10 | Noncorporate | FA113165005 | 170.4 | 159.8 | 205.6 | 165.5 | 174.5 | 143.5 | 165.9 | 241.8 | 271.4 |
| Line 11 | Federal government | FA313165403 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 12 | Net change in assets | FA893065005 | 622.0 | 580.9 | 695.7 | 696.1 | 505.3 | 557.1 | 755.4 | 851.8 | 618.6 |
| Line 13 | Household sector | FA153065005 | -0.8 | -3.5 | -5.9 | -4.6 | -4.4 | -5.1 | -4.4 | -8.1 | -5.9 |
| Line 14 | Nonfinancial corporate business | FA103065005 | 22.6 | 3.9 | -2.3 | 1.0 | 1.9 | 0.5 | -0.5 | 1.1 | -10.2 |
| Line 15 | Nonfinancial noncorporate business | FA113065005 | 1.3 | 1.4 | 1.6 | 1.5 | 1.7 | 1.4 | 0.9 | 1.7 | 2.2 |
| Line 16 | Federal government | FA313065005 | 8.1 | 7.9 | 7.6 | 4.8 | 9.4 | 9.8 | 3.8 | 15.4 | 1.4 |
| Line 17 | Ginnie Mae | FA313065015 | -2.0 | -2.2 | -2.8 | -2.3 | -2.4 | -2.6 | -2.9 | -2.8 | -2.7 |
| Line 18 | Farmers Home Administration (FmHA)2 | FA313065075 | 6.0 | 5.5 | 5.1 | 3.0 | 7.2 | 6.7 | 0.0 | 11.7 | 1.9 |
| Line 19 | Federal Housing Administration (FHA) | FA313065035 | 4.1 | 4.6 | 5.3 | 4.1 | 4.7 | 5.7 | 6.7 | 6.5 | 2.2 |
| Line 20 | Other3 | FA313065095 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 21 | State and local governments | FA213065005 | -30.9 | 5.4 | 14.5 | 5.4 | 5.4 | 14.2 | 14.4 | 14.6 | 14.8 |
| Line 22 | Private depository institutions | FA703065005 | 278.0 | 138.4 | 199.8 | 150.1 | 76.8 | 108.2 | 247.0 | 225.0 | 219.1 |
| Line 23 | U.S.-chartered depository institutions | FA763065005 | 206.7 | 78.4 | 126.2 | 88.7 | 24.9 | 48.3 | 151.4 | 136.0 | 169.0 |
| Line 24 | Foreign banking offices in U.S. | FA753065005 | 4.4 | 2.4 | 2.8 | -6.3 | -1.5 | -7.2 | 13.4 | -3.4 | 8.6 |
| Line 25 | Banks in U.S.-affiliated areas | FA743065003 | 0.9 | 1.0 | 0.6 | 1.3 | 1.6 | -1.1 | 1.1 | 1.2 | 1.1 |
| Line 26 | Credit unions | FA473065005 | 65.9 | 56.5 | 70.2 | 66.4 | 51.8 | 68.2 | 81.2 | 91.2 | 40.4 |
| Line 27 | Property-casualty insurance companies | FA513065505 | 2.5 | -0.5 | 0.7 | 0.1 | -2.4 | -1.5 | 3.9 | 0.8 | -0.5 |
| Line 28 | Life insurance companies | FA543065005 | 45.3 | 67.1 | 64.7 | 98.4 | 55.4 | 33.8 | 92.7 | 47.7 | 84.6 |
| Line 29 | Private pension funds | FA573065005 | 6.7 | 3.1 | 3.0 | 3.1 | 3.2 | 3.1 | 3.5 | 1.9 | 3.4 |
| Line 30 | State and local govt. pension funds | FA223065043 | -1.7 | 0.4 | 0.1 | 0.4 | 2.9 | -0.3 | 0.7 | 0.2 | -0.3 |
| Line 31 | Government-sponsored enterprises | FA403065005 | 106.0 | 127.5 | 116.6 | 148.8 | 144.3 | 110.0 | 84.4 | 156.8 | 115.3 |
| Line 32 | Fannie Mae | FA403065015 | 28.3 | 8.8 | -13.1 | -0.4 | 15.0 | -16.0 | -5.9 | -21.4 | -9.2 |
| Line 33 | Freddie Mac | FA403065025 | 66.8 | 98.2 | 106.0 | 129.1 | 104.5 | 109.2 | 60.3 | 156.0 | 98.8 |
| Line 34 | Farm Credit System | FA403065045 | 5.0 | 10.7 | 11.3 | 10.7 | 16.6 | 3.4 | 15.0 | 9.8 | 17.1 |
| Line 35 | FHLB | FA403065035 | 5.3 | 8.3 | 9.7 | 7.0 | 6.2 | 11.6 | 12.7 | 8.5 | 5.9 |
| Line 36 | Farmer Mac | FA403065653 | 0.6 | 1.6 | 2.7 | 2.5 | 2.1 | 1.8 | 2.4 | 3.8 | 2.7 |
| Line 37 | Agency- and GSE-backed mortgage pools | FA413065005 | 182.7 | 173.9 | 165.3 | 177.4 | 174.1 | 151.9 | 201.1 | 189.4 | 118.7 |
| Line 38 | Ginnie Mae | FA413065015 | 181.3 | 177.6 | 183.1 | 183.7 | 186.9 | 155.0 | 205.6 | 219.3 | 152.4 |
| Line 39 | Freddie Mac | FA413065025 | 0.9 | -3.8 | -18.0 | -6.4 | -13.3 | -3.6 | -5.1 | -29.4 | -33.9 |
| Line 40 | Fannie Mae | FA413065045 | -0.2 | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 |
| Line 41 | Farmer Mac | FA413065653 | 0.7 | 0.3 | 0.3 | 0.2 | 0.6 | 0.6 | 0.8 | -0.3 | 0.3 |
| Line 42 | Farmers Home Administration (FmHA)2 | FA413065035 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 43 | ABS issuers | FA673065005 | 25.9 | 70.0 | 107.3 | 118.3 | 52.4 | 134.8 | 88.3 | 173.2 | 33.0 |
| Line 44 | Finance companies | FA613065000 | -9.4 | -7.2 | -5.4 | -6.7 | -0.4 | -17.6 | -6.6 | 12.1 | -9.4 |
| Line 45 | Mortgage REITs | FA643065075 | -14.3 | -6.8 | 28.2 | -1.7 | -14.9 | 14.0 | 26.4 | 20.0 | 52.3 |
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: 2026-03-19