The newest data on outstanding residential mortgages has been released via the Federal Housing Finance Agency (FHFA)’s National Mortgage Database. It tells a pretty strong story on the financial strength of the American homeowner.

Even after three years of rising interest rates and a painful housing market recession, the lasting effects of the post-pandemic boom still dominate the average American’s financial condition. Forty percent of homeowners have no mortgage at all — a staggering number. And for the homeowners who hold mortgages, they remain in outstanding shape. 

After many years of consistent home-price appreciation, the average loan-to-value (LTV) ratio details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com