Financial Accounts of the United States - Z.1
F.217 Total Mortgages (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2022 | 2023 | 2024 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total mortgages; asset | FA893065005 | 1323.0 | 635.4 | 576.4 | 698.5 | 478.1 | 524.7 | 580.5 | 645.1 | 555.4 | 1 |
| All sectors; one-to-four-family residential mortgages; asset | FA893065105 | 893.9 | 395.7 | 368.9 | 481.4 | 301.9 | 289.6 | 434.6 | 438.3 | 313.0 | 2 |
| All sectors; multifamily residential mortgages; asset | FA893065405 | 167.8 | 109.6 | 113.7 | 101.0 | 98.6 | 99.7 | 87.0 | 113.5 | 154.7 | 3 |
| All sectors; commercial mortgages; asset | FA893065505 | 251.3 | 119.9 | 78.3 | 105.9 | 67.3 | 119.9 | 43.4 | 77.7 | 72.0 | 4 |
| All sectors; farm mortgages; asset | FA893065603 | 10.0 | 10.2 | 15.6 | 10.3 | 10.3 | 15.5 | 15.5 | 15.7 | 15.7 | 5 |
| All sectors; total mortgages; asset | FA893065005 | 1323.0 | 635.4 | 576.4 | 698.5 | 478.1 | 524.7 | 580.5 | 645.1 | 555.4 | 6 |
| Households and nonprofit organizations; total mortgages; liability | FA153165005 | 851.8 | 391.2 | 353.2 | 476.0 | 299.3 | 271.9 | 416.6 | 420.8 | 303.5 | 7 |
| Nonfinancial business; total mortgages; liability | FA143165005 | 471.2 | 244.2 | 223.3 | 222.5 | 178.8 | 252.8 | 164.0 | 224.3 | 251.9 | 8 |
| Nonfinancial corporate business; total mortgages; liability | FA103165005 | 133.7 | 53.1 | 48.7 | 40.8 | 49.9 | 64.7 | 29.1 | 54.3 | 46.7 | 9 |
| Nonfinancial noncorporate business; total mortgages; liability | FA113165005 | 337.4 | 191.1 | 174.6 | 181.8 | 128.9 | 188.1 | 134.9 | 170.0 | 205.3 | 10 |
| Federal government; multifamily residential mortgages; liability | FA313165403 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 11 |
| All sectors; total mortgages; asset | FA893065005 | 1323.0 | 635.4 | 576.4 | 698.5 | 478.1 | 524.7 | 580.5 | 645.1 | 555.4 | 12 |
| Households and nonprofit organizations; total mortgages; asset | FA153065005 | -9.3 | -0.9 | -5.0 | 0.4 | -2.1 | -3.6 | -4.5 | -6.2 | -5.8 | 13 |
| Nonfinancial corporate business; total mortgages; asset | FA103065005 | -9.3 | 8.1 | -0.1 | -0.4 | 5.7 | -2.4 | 7.4 | -2.3 | -2.9 | 14 |
| Nonfinancial noncorporate business; total mortgages; asset | FA113065005 | 2.3 | 1.3 | 1.4 | 0.6 | 1.1 | 1.2 | 1.1 | 1.5 | 1.7 | 15 |
| Federal government; total mortgages; asset | FA313065005 | 13.4 | 8.1 | 7.9 | 11.7 | 9.5 | 8.9 | 8.4 | 4.8 | 9.4 | 16 |
| Federal government; total mortgages held by Ginnie Mae; asset | FA313065015 | -0.2 | -2.0 | -2.2 | -2.5 | -2.1 | -1.9 | -2.3 | -2.3 | -2.4 | 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) | FA313065075 | 4.4 | 6.0 | 5.5 | 9.9 | 6.5 | 5.4 | 6.6 | 3.0 | 7.2 | 18 |
| Federal government; total mortgages held by FHA; asset | FA313065035 | 9.2 | 4.1 | 4.6 | 4.3 | 5.1 | 5.4 | 4.2 | 4.1 | 4.7 | 19 |
| Federal government; total mortgages held by Federal Financing Bank, Public Housing Administration (PHA), RTC, and VA; asset (3) | FA313065095 | 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 | FA213065005 | -3.0 | 7.5 | 6.4 | -13.9 | 28.7 | -0.6 | 19.6 | 22.7 | -16.1 | 21 |
| Private depository institutions; total mortgages; asset | FA703065005 | 667.2 | 277.7 | 138.3 | 266.7 | 197.6 | 145.6 | 181.2 | 149.5 | 77.0 | 22 |
| U.S.-chartered depository institutions; total mortgages; asset | FA763065005 | 516.2 | 206.4 | 78.4 | 193.9 | 158.7 | 91.9 | 108.3 | 88.2 | 25.0 | 23 |
| Foreign banking offices in the U.S.; total mortgages; asset | FA753065005 | 16.4 | 4.4 | 2.5 | -7.6 | 0.8 | 5.8 | 11.7 | -6.3 | -1.2 | 24 |
| Banks in U.S.-affiliated areas; total mortgages; asset | FA743065003 | 0.3 | 0.9 | 1.0 | 1.2 | 2.6 | 0.8 | 0.3 | 1.3 | 1.6 | 25 |
| Credit unions; total mortgages; asset | FA473065005 | 134.3 | 65.9 | 56.5 | 79.3 | 35.5 | 47.1 | 60.8 | 66.3 | 51.7 | 26 |
| Property-casualty insurance companies; commercial mortgages, including those held by U.S. residual market reinsurers; asset | FA513065505 | 2.7 | 2.5 | -0.5 | 0.4 | 4.4 | 1.0 | -0.6 | 0.2 | -2.5 | 27 |
| Life insurance companies; total mortgages; asset | FA543065005 | 69.9 | 45.3 | 73.3 | 45.7 | 26.8 | 49.3 | 62.5 | 91.3 | 90.3 | 28 |
| Private pension funds; total mortgages; asset | FA573065005 | -6.7 | -3.3 | -3.9 | -3.5 | -2.1 | -2.5 | -3.9 | -4.6 | -4.8 | 29 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.3 | -1.8 | -0.3 | -0.9 | -2.9 | -2.1 | 0.9 | 0.9 | -0.8 | 30 |
| Government-sponsored enterprises; total mortgages; asset | FA403065005 | 400.9 | 106.0 | 126.6 | 147.6 | 50.8 | 91.8 | 125.2 | 148.8 | 140.6 | 31 |
| Government-sponsored enterprises; total mortgages held by Fannie Mae (includes all GSEs before 2000:Q4); asset | FA403065015 | 177.5 | 28.3 | 8.8 | 31.1 | 9.0 | 0.4 | 20.2 | -0.4 | 15.0 | 32 |
| Government-sponsored enterprises; total mortgages held by Freddie Mac; asset | FA403065025 | 213.7 | 66.8 | 98.2 | 100.0 | 24.7 | 76.8 | 82.6 | 129.1 | 104.5 | 33 |
| Government-sponsored enterprises; total mortgages held by Farm Credit System; asset | FA403065045 | 8.4 | 5.0 | 10.7 | 10.1 | 11.1 | 3.7 | 11.7 | 10.7 | 16.6 | 34 |
| Government-sponsored enterprises; total mortgages held by FHLB; asset | FA403065035 | 0.6 | 5.3 | 7.3 | 6.4 | 4.0 | 10.1 | 9.8 | 7.0 | 2.4 | 35 |
| Government-sponsored enterprises; farm mortgages held by Farmer Mac; asset | FA403065653 | 0.7 | 0.6 | 1.6 | 0.0 | 2.0 | 0.9 | 0.8 | 2.5 | 2.1 | 36 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FA413065005 | 186.1 | 182.7 | 173.9 | 222.5 | 175.5 | 161.2 | 183.0 | 177.4 | 174.1 | 37 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Ginnie Mae pool; asset | FA413065015 | 187.9 | 181.3 | 177.6 | 217.7 | 158.7 | 158.0 | 181.8 | 183.7 | 186.9 | 38 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Freddie Mac pool; asset | FA413065025 | -1.6 | 0.9 | -3.8 | 5.1 | 16.8 | 3.2 | 1.2 | -6.4 | -13.3 | 39 |
| Agency-and GSE-backed mortgage pools; total mortgages held in a Fannie Mae pool; asset | FA413065045 | -0.1 | -0.2 | -0.1 | -0.2 | -0.2 | -0.1 | -0.2 | -0.1 | -0.1 | 40 |
| Agency-and GSE-backed mortgage pools; farm mortgages held in a Farmer Mac pool; asset | FA413065653 | -0.1 | 0.7 | 0.3 | -0.1 | 0.3 | 0.1 | 0.2 | 0.2 | 0.6 | 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) | FA413065035 | 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 | FA673065005 | 11.9 | 25.9 | 68.8 | 54.1 | -23.6 | 108.5 | 0.7 | 69.7 | 96.2 | 43 |
| Finance companies; total mortgages; asset | FA613065000 | -11.4 | -9.4 | -7.2 | -13.7 | 1.7 | -22.8 | 1.1 | -6.7 | -0.4 | 44 |
| Mortgage real estate investment trusts; total mortgages; asset | FA643065075 | 8.7 | -14.3 | -3.2 | -19.0 | 6.8 | -8.9 | -1.6 | -1.7 | -0.5 | 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: March 13, 2025