The mortgage debt service ratio in the United States increased slightly, after dipping to the lowest value on record in the beginning of 2021. The ratio measures the mortgage debt service payments as a percentage of disposable personal income during a specific quarter and shows the financial burden placed on households by mortgage borrowing. In the first quarter of 2023, the total required mortgage payments amounted to approximately 3.93 percent of disposable personal income - almost half of the mortgage debt service ratio before the subprime mortgage crisis broke out in 2007.
Mortgage debt service payments as a percentage of disposable household income in the United States from 1st quarter 1980 to 1st quarter 2023
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St. Louis Fed. (July 13, 2023). Mortgage debt service payments as a percentage of disposable household income in the United States from 1st quarter 1980 to 1st quarter 2023 [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1400044/mortgage-debt-service-ratio/
St. Louis Fed. "Mortgage debt service payments as a percentage of disposable household income in the United States from 1st quarter 1980 to 1st quarter 2023." Chart. July 13, 2023. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1400044/mortgage-debt-service-ratio/
St. Louis Fed. (2023). Mortgage debt service payments as a percentage of disposable household income in the United States from 1st quarter 1980 to 1st quarter 2023. Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1400044/mortgage-debt-service-ratio/
St. Louis Fed. "Mortgage Debt Service Payments as a Percentage of Disposable Household Income in The United States from 1st Quarter 1980 to 1st Quarter 2023." Statista, Statista Inc., 13 Jul 2023, https://www.statista.com/statistics/1400044/mortgage-debt-service-ratio/
St. Louis Fed, Mortgage debt service payments as a percentage of disposable household income in the United States from 1st quarter 1980 to 1st quarter 2023 Statista, https://www.statista.com/statistics/1400044/mortgage-debt-service-ratio/ (last visited January 08, 2025)
Mortgage debt service payments as a percentage of disposable household income in the United States from 1st quarter 1980 to 1st quarter 2023 [Graph], St. Louis Fed, July 13, 2023. [Online]. Available: https://www.statista.com/statistics/1400044/mortgage-debt-service-ratio/
