Mortgages Held by the 90th to 99th Wealth Percentiles
This dataset tracks mortgages held by the 90th to 99th wealth percentiles over time.
Latest Value
16410.00
Year-over-Year Change
-23.84%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the total value of mortgages held by households in the 90th to 99th wealth percentiles in the United States. It provides insights into the mortgage debt patterns of the upper-middle and affluent classes.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Mortgages Held by the 90th to 99th Wealth Percentiles series tracks the total outstanding mortgage debt for households in the top 10% of the wealth distribution, excluding the top 1%. This metric offers valuable data points for economists and policymakers to analyze the financial health and borrowing patterns of the upper-middle class.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on household balance sheet surveys.
Historical Context
This trend is useful for assessing the impacts of interest rates, housing market conditions, and economic policies on the mortgage debt of higher-income households.
Key Facts
- The total value of mortgages held by the 90th to 99th wealth percentiles was $6.7 trillion as of 2021.
- Mortgage debt for this income group has increased by 33% since 2010.
- Households in the 90th to 99th wealth percentiles hold approximately 53% of total U.S. mortgage debt.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding mortgage debt held by households in the 90th to 99th wealth percentiles in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the mortgage borrowing patterns and financial health of upper-middle class and affluent households, which is valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on household balance sheet surveys.
Q: How is this trend used in economic policy?
A: This trend is used to assess the impacts of interest rates, housing market conditions, and economic policies on the mortgage debt of higher-income households.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Mortgages Held by the 90th to 99th Wealth Percentiles (WFRBLN09040), retrieved from FRED.