How much is the average mortgage amount in the us?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

As of the end of the fourth quarter of 2009, there was approximately $14.3 trillion in outstanding mortgage debt outstanding. Of the $14.3 trillion, $2.5 represented non-residential debt, leaving $11.8 trillion due to residential owners.
At the end of 2009, there were approximately 129.9 million housing units in the United States of which 66.2% were owned by the people living in them. Of this 86.0 million housing units, approximately 20% own their homes "free and clear" (except, of course, for property taxes), suggesting that there are approximately 68.8 million housing units with debt underlying the ownership.

The average mortgage balance, then, is just short of $172,000 (and, evidently 10% of the population have mortgages outstanding of over $250,000).
7 people found this useful

What type of mortgage rate would you get currently with a credit score of 600 and what is an average amount for closing costs for someone with a credit score of 600?

Depending on the eguity in your home and your past more mortgage payment history you could qualify for an FHA mortgage with a small downpayment. You will qualify if you have documentation to support your income and assets. Closing costs should be around $8,000. Don't let anyone tell you you have to (MORE)

How much does the average person pay in fees when refinancing a mortgage?

Answer . \nthere is no data on the average person, so i will tell you what to look for at your appointment. They should present several plans to refinance your mortgage. If they are a good broker they will have a no-fees plan that comes with a slightly higher intrest rate. The important thing (MORE)

How much is the average mortgage?

\n. \n Answer \n. \nThe average national monthly mortgage payment in the United States was $1,687 in mid 2006. By contrast the average rent was roughly $890.\n. \n What is a mortgage \n. \n. \nA mortgage is the amount of money borrowed from the bank to purchase a house or other real prop (MORE)

What is the average amount dealerships make on the sale of a used car?

Answer . I actually sell cars and that is totally classified!!! Kidding. The average used car will gross between $1000 and $1500 which to be honest barely covers the bills. That would give a salesperson 100 to 200 dollars in his paycheck. I have seen dealers take a loss for a car when trying to (MORE)

How much Mortgage can you get?

Mortgages... How much can i borrow? \n. \nThe question should not be "how much can i borrow?".. but "how much can i afford?" you should consult a financial or mortgage advisor who can go into your finances in detail and work out which product is best for you, and most importantly what you can aff (MORE)

How much money does the average mortgage broker earn per year?

As the old adage goes, that is like asking "How much does a car cost?" It depends. If you take an average during a huge refi boom, it may be lower, because so many people try to get on the gravy train and make very little. If you average only Brokers, you get a higher figure than if you include loan (MORE)

What is the average amount a person that does not use drugs pay?

There is no tax consideration, positive or negative for drug users or non drug users. Hence, the taxes they both pay are the same. Agreeably, the amount of taxable income they make MAY be different 9more or less than another0, but that is true of the people within each group too.

How much is the average monthly mortgage payment in New York State?

Your monthly mortgage payment is affected by a couple factors, starting with your down payment. A greater down payment decreases the overall sum of the loan, therefore decreasing your monthly mortgage payments. The interest rate will also affect the total of the home loan and the amount you have to (MORE)

How much is the average mortgage in the UK?

From recent press publications, the average mortgage in the UK is £130,000. Keep in mind however that it's the average based on prices in the whole of UK and that includes both very cheap and very expensive areas. To give you an idea of just how massive the price gap is: average cost of 2 bedro (MORE)

What is the average amount a year a person makes in the US?

Year 2006- 36,714 . 1 Luxembourg: $37,499.20 per person #2 Switzerland: $36,987.60 per person #3 Japan: $35,474.10 per person #4 Norway: $35,053.30 per person #5 United States: $33,070.30 per person #6 Denmark: $30,191.50 per person #7 Iceland: $27,473.80 per person #8 Sweden: $25,10 (MORE)

Average length of a mortgage?

7 years. Make that SEVEN YEARS. Then, it is either REFINANCED or Paid Off Outright. - roland Henderson at Purpose Funding Foothill Ranch Ca 92610

What is the average amount of people that use drugs?

If you're including legal recreational drugs, then in most western countries the majority of the population are generally regular drug users. If you're looking at just those currently illegal, then it is difficult to get reliable figures due to their legal status.

What is the average amount of money each person has in the US?

This question itself is specious in that any answer would be dis-informing about statistical reality of the population in the USA.. Note that the cost of living in very large cities in the USA can be 2 or 3 times the cost of living in medium or small cities. Furthermore, within any given regional e (MORE)

On average how much do most Americans pay for a mortgage each month?

The median household income in the United States is $46,326. When you break this down by 12 months, it wind up to $3,860/month Answer: That's the average monthly salary, not the monthly mortgage payment! If you paid out your entire salary in a mortgage payment, you'd have nothing left for other exp (MORE)

How much is a mortgage?

There is no universal price for a mortgage as there are numerous factors in any given situation such as the nature of the house, its assets, and the financial situation of the person looking to buy it. Ultimately, a mortgage company will help determine whether or not you can afford to buy a house (MORE)

How much of your equity can you use in a reverse mortgage?

The answer depends on your age (the older you are, the more equity is available), the current interest rate being offered (lower means more funds available) and the current value of the home. AARP (aarp.org) has a calculator on their site that will give you a general idea based on answers to questio (MORE)

How much is the average mortgage balance in the US?

As of the end of the fourth quarter of 2009, there was approximately $14.3 trillion in outstanding mortgage debt outstanding. Of the $14.3 trillion, $2.5 represented non-residential debt, leaving $11.8 trillion due to residential owners. At the end of 2009, there were approximately 129.9 million ho (MORE)

What is the average amount of bricks used in a castle?

I was seeking an answer, not liking to be an answerer! - As a single builder (of a double walled brickhouse) I can only quess, that it is more than 20 times my amount. Also one or two or tree millions of bricks ..

How much is the amount of a us dollar?

One US dollar is equal to: 0.688450 EUR (Euro) 0.622045 GBP (British Pound) 0.927085 AUD (Australian Dollar) 0.958589 CAD (Canadian Dollar) 44.6200 INR (Indian Rupee) 0.847600 CHF (Swiss Franc) 80.8300 JPY (Japanese Yen) 6.46550 CNY (Chinese Yuan Renminbi) 7.78160 HKD (Hong Kong Dollar) 27.8650 (MORE)

What is the average bank mortgage rate?

Current mortgage rates are around 3.75%. You will need to check with your local banks for more specific information, since rates vary based on area, amount of loan, and amount of down payment.

What is the average cost of a California mortgage?

The California rates seem to follow the national rates for home mortgages, meaning that they fall in general between 2.5% and 5.5% as starting interest rates. If you are deciding to mortgage your home, you should make sure to read the contract to make sure that the rate will not jump suddenly and th (MORE)

What is the average mortgage payment on 130000?

I don't think there is a such a thing as an average mortgage payment on any given dollar amount. The principal and interest payment depends on several factors besides the loan amount, primarily the interest rate and loan term(length of the loan). To keep it simple, a 130,000 mortgage at 4.5% for (MORE)

What is the average mortgage loan rate?

As of August 23, 2011, the average 30 year fixed mortgage rate is 4.55%. Consumers also may be interested to know that a 15 year fixed mortgage currently yields an average national rate of just 3.83%.

What is the average amount of money a person in the US makes a year?

In 2006, the median annual household income rose 1.3% to $50,233.00 according to the Census Bureau . The real median earnings of men who worked full time, year-round climbed between 2006 and 2007, from $43,460 to $45,113 (about 3.6 time minimum wage in 2006 to 3.7 time minimum wage in 2007). For wo (MORE)

What is the average mortgage rate in Texas?

"The average mortgage rate ranges from 3.2 to 4.1% in Texas, depending on the mortgage company you choose and your current credit score. Also, it may vary with the type and area of property you are looking at."

How much is mortgage average payment per month?

Your average mortgage rate and payment depend on many factors including where you are looking to purchase your house, personal income, and your credit score. Many mortgage companies offer online mortgage calculators that can be useful in determining what your monthly home loan payment will be.

What is the average amount of rainfall that the US gets each year?

It depends on what part of the country you are talking about. The westcoast (coastal states, such as CA, WA & OR) gets an average of 20-39 inches, while areas in states like Arizona, New Mexico, Utah & Texas get less than 10 inches, but some other parts of those same states you can get 10-19 inches (MORE)

What is the average house mortgage rate?

There are many factors that can play into your house mortgage rate such as age and credit history as well as the size of your loan. On average, a mortgage will run you about 3% to 4.5%

What is the average cost of mortgage insurance?

The best way to find out the average cost of morgage insurance is to talk to a local bank. Another way is to go on websites that will have such information and determine the average cost.

What is the average mortgage rate interest?

The average mortgage rate on the United States has gone down since the recession in 2008. Right now they are averaging between a 4% an a 6%. However, this number depends on a number of factors like the base rate, the Libor, the number of repossessions and the unemployment rate of the country.

What is the average amount of earthquakes per year in the US?

Between 2000 and 2012 the average number of earthquakes in just the US was 3,820 per year that are magnitude 2.5 or higher as reported by the U.S. Geological Survey (USGS) National Earthquake Information Center. The total count is much higher because many go undetected because they hit remote a (MORE)

Do recorded mortgages need an amount?

No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument. No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument. No. Some are in the form of a credit line or commercial credit line and no (MORE)

What is the average loans APR for mortgages?

The average loans APR for mortgages will depend on which country one is in and how long the mortgage is. In the United States the average is 5.016 APR for a 30 year mortgage and 3.122 APR for a 15 year mortgage.

What is the average California mortgage rate?

The average California mortgage rate is as low as 3.250 percent for a 30 year term. That rate is from "loan safe" and is one day old. Other rates were found claiming that the average was 3.43 percent, which even though it is slightly higher, will make a big difference over the years.

How much does an average US home mortgage cost?

The average United States home mortgage will depend on the location, age and size of the house. In February 2013, the average house in the United States cost $152,000. As for the actual mortgage rate, that will depend on the length and type of mortgage one gets. On average, a 30 year fixed rate woul (MORE)